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...
Buying near support of this small triangle after a very strong rally in July and August. Provides a decent reward:risk with a target just below the late-2016 and early 2017 highs.
This has the potential to be a high momentum stock. Price target is a fine option, but if the price is running may want to consider using the ATR Stops as a trailing stop loss instead:...
Previously Teck gapped down from here with follow through and now has returned. I'm looking for a short term retracement at this supply level. Copper is currently in an up trend and hit a major supply area.
Teck Resources has been in a clearly defined downward trend since November 2016. The trend does however cycle up and down very well. Currently the stock is at the bottom of the channel and due to rise for the reasons in this article.
When we take a look at other technical indicators, the relative strength index (RSI) is at 29.9555. RSI tends to determine trends,...
Entered a small position today on TECK, looking to add to my position around $29-30.
Watching this closely to determine if cup-and-handle pattern is forming.
