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Teck Resources Limited Class ATeck Resources Limited Class ATeck Resources Limited Class A

Teck Resources Limited Class A

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TECK , LONG TECK has been in a pretty strong daily uptrend since early 2020 and has shown considerable strength these past few months . Decided to enter on the wedge pop here. Also, looks like some decent volumes flowing in . Institutions hold 68 % of float and transactions are positive . Avg daily volume 5.32 M passes my 500K requirement with flying colors too . I don't follow advice of analyst upgrades/recommendations but it also doesn't hurt to see two upgrades from Jan 10th and Mar 9th too . * Earnings is coming up soon on Apr-27th . I will drop the trade early if it stagnates ect ect and I can not de-risk it pre earnings . Probably still a healthy amount of time for TECK to do its thing imo . None the less have set an alert on calendar . Entry - 40.44 Initial PT - 44.83 Stop - 38.28
NYSE:TECKLong
by NAK1987
TECK gearing up for an explosive 2022TECK outpacing bearish market conditions as minerals are exploding in value over the last few months. Chart showing a strong double bottom set up on the weekly. Daily also showed a falling wedge onto that double bottom resistance area and has ran 10% from that bounce. Resistance off volume profile showing that 37 and 45 will be key areas to break. After that, 50s and 60s will come fast and are likely to be easier to break as not much volume by price stands there. Personally, this is my favorite set up and have been in leap calls since 31. I can see TECK touching ATH again very soon (soon = around 365 days from now). Also, I would not be discouraged if we drop 10 points after making a strong run (maybe resistance at 45 will be a bit strong), as pullbacks are healthy and as long as we hold 30 support more room to run higher will come. Saying that, remember this is not a weekly play, either hold common swings or leap contracts will benefit most from a potential massive run. Side note: This is an opinion and should not be taken as correct or predictive of future price action. Manage risk at your own expense.
NYSE:TECKLong
by Jlov