NYSE:TECK $teckb.to has found support for 3 weeks in a row now at around $34, and we got the rising bearish wedge breakdown.
The measured-move target is around $25.
getting 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 think its breaking out for next highs,the 2 very bullish candles tells...
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 .
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...
