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rayfountain2

TECK - Accumulation Zone (no TA pattern, but strong potential)

Long
Teck Resources Ltd (NYSE:TECK)  
rayfountain2  
NYSE:TECK   Teck Resources Ltd
Trend Analysis
1
0
trendanalysis
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 to a +20% run.
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