In this video, we take a look at how TECK is performing and answering the question of if it is an excellent time to buy in? Or is it time to go short?
Hey guys, TECK RESOURCES LIMITED is in a bullish configuration with strong buying volume during the session and on a bullish hammer candle. Despite large number of volume its still looking to rise, we are in a stabilization zone with more than half tinned. So we have a great potential to breakout the area to go to the next one. And go to higher next which is on...
Ascending Triangle, May confirm next week Pros: Descending volume during formaton Volume Spike at break out Crossed above 200MA at Break out PPS above 50Ma and 200MA RS above 0 and climbing R/R above 11, high Cons: 200MA still descending 250RSI below 50 ATR flat If confirmed: PT = 24,96$
Corridor breakout. New support confirmed multiple times yesterday. Target price set at new Resistance bounce. - 5-month uptrend with a 2-month correction - RSI and STOCH above 50 - MACD above Signal Suggested Entry $12.01 Suggested Stop Loss $11.72 Target price $12.85 Note that I tend to adjust stop losses in order to secure profits early and preserve capital....
TECK is setting up for a nice long here as it trends up into monthly support trend line. Looking for more consolidation before breakout - colored broken arrows represent two possible paths - but looking for breakout nonetheless. TECK should make for a nice mid-term swing trade here, 77delta Sept18 $10c provides a nice risk reward to current share price if we get...
In last 24 hours both the news for deal with Deep-South and new credit facilities are strongly in favor of TECK. Earnings reports due in July and price dipping below the channel makes it little unpredictable. Beware! Kepping my Stop Loss tight. Fingers crossed!!
A technical update on TSX:TECK.B . Let me know what do you think in the comment section below.
** Likes and Comments are appreciated! May the new Subscribers' next trade be super profitable! ** What I see... + Found Support after another >50% loss this year + Moved side way since mid-March with a rising Support line + Earnings in mid-April confirms Support + Prices is retesting the $9 resistance line since early May with contracting vol.! + Bullish RSI...
A short update on TECK.B . Let me know what do you think.
Swing trade Higher Time frame analysis Target of $17 Sl -12%
So here we are, the panic price drop caused by COVID-19 is settling down and the shareholders already realized how much they lost during the crisis (the realization is completely tangible after the previous earnings report (the arrow)). It seems like the downtrend is slowing down and probably looking for reliable support to start its way north. We are seeing...
Looking for a short term bull market in the following weeks triggered by the aid. "Trudeau announces aid for struggling energy sector, including $1.7B to clean up orphan wells": financial-aid-covid19-trudeau
The company's cancellation of the mega Frontier Oil Sands project put downward pressure on the stock, but it will improve cash flow in the future. Trading at roughly 3X cash flow (using terrible 2019 as cash flow estimate) with little debt and $1 billion of cash on the balance sheet, the company could be a target.