TECK is movingI like the wave count and Risk Reward. Completed 5 and an ABC completion.
Stop below the recent low and will trail accordingly as it moves.
0%
0%
0%
0%
0%
0.92%
2.54USD
2.447BUSD
12.774BUSD
512M
About Teck Resources Ltd
Sector
Industry
CEO
Jonathan Price
Website
Headquarters
Vancouver
Employees
12.1K
Founded
1951
ISIN
CA8787422044
Teck Resources Limited is a resource company, which engages in the exploration, acquisition, development, production, and sale of natural resources, Its products include steelmaking coal, copper, zinc, industrial products and fertilizers, and other metals. Its project operations are located in Canada, Peru, Chile, and US. The company was founded on September 24, 1951 and is headquartered in Vancouver, Canada.
TECK RESOURCES Stock Chart Fibonacci Analysis 060123Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 40/61.80%
descending wedge with declining volume Looks bullish, but traders are still going to need a push to get past that bearish gap and step in to go long.
TECKgetting slightly higher highs, and higher lows which tells me its on its way up, the DI+ has spiked up which tells me the ADX will soon follow, once ADX is above 25 its considered a strong trend. RSI has just moved above the 14 day average RSI line which is a positive for it to gain in price. i thin
squeezing$teck really squeezed here.
Ascending triangle is normally bullish. Price above MA10.
#copper
TECK commodity supercycle?TECK has bounced off its covid lows very well and is now hovering around resistance waiting to break upwards.
TECK , Long ( Re-entry attempt 1)So, the original Teck play , as posted, was stopped out. But Teck is working at a comeback today and is closed fairly strongly above the 10/21 EMA near the top of its daily price action . Volume looks pretty good too.
So back in I go ~
Stop vs 21 ema
with a 2R target to de-risk .
trend resistance rejection >.<TECK rejected off trend/strong resistance area, targeting 38.97-37.86-37.09
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.
See all ideas
Trade directly on the supercharts through our supported, fully-verified and user-reviewed brokers.
