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.
