Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Our B.I.T.S (Breakout Intelligent Breakout Signals) Indicator for TradingView has a signal short on $TECK. We have completed a double top on the Daily timeframe and our automated short signal is below the recent low pivot. So we are combining a traditional duoble top short setup with our strong automated breakout signal from our indicator suite to go short TECK....
With China trade deal optimism and weather change can make this a great buying opp. Technically, this is ready to pop (see the trend line). I will keep an eye on this and open a medium dated call.
May be Apr 18th: 23 calls
Charts very obvious technical patterns over time, mostly double tops, with a few (I)H&S patterns. Price action is currently in a strong accumulation zone, and is prime for a decent bag to hold for take profits at 10%, then again around 16%. I don’t play with triple top resistances, but with some decent buy volume it could be a nice breakout - TECK is no stranger...
Strong uptrend, with price recently pulling back. Recent consolidation breakout to upside signaling the next up move could be underway. Decent reward:risk, even using the lower of the two targets. The higher target, or a trailing stop loss, will be used if the price rallies aggressively in the next several sessions. If it is meandering or slow, will get out at the...
Stock has been strong to the upside, moving favorably on prior trades.
Price is ranging again after a strong run up and moving higher off support setting up another good reward:risk trade.
Astonishing financials ! this jewel may bring us a $10 pop (from these levels) with the gold/miner surge
TECK it or leave it - but do not negate that "I TOLD U SO " /gl
Large 4-Year Inverse Head & Shoulders
Smaller 1-Year Inverse Head & Shoulders continuation pattern
Currently consolidating, current pullback is fairly light volume.
I bought a small position with a stop around the 50 ma. I will add more on a bullish pullback or if it breaks out higher, for a long term hold.
A trip to prior highs puts this between $55 and $62....
Could use close< current uptrend line as stop. Process your way.
Analysts: Strong buy 10, Moderate buy 1, Hold 3, Strong sell 1.
"Teck Resources Ltd. is a diversified resource company, which is engaged in mining and mineral development with business units focused on copper, steelmaking coal, zinc and energy. The company produces specialty metals, which...
Resuming a trend and breaking a resistance line. But always wait for the pullback after the breakout when the red candles appear around 25.00 and 27.00 level
Here again, similar patterns in different mining companies in the basic materials Industry. The same argument again based in price action and the breakout of resistance lines
My intention is to share...
