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.
this does not look healthy. What exactly is price projecting here?
Is this a buy the dip chance now that the gap has filled? I say yes.
I 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.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 40/61.80%
Looks bullish, but traders are still going to need a push to get past that bearish gap and step in to go long.
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...
$teck really squeezed here. Ascending triangle is normally bullish. Price above MA10. #copper
Uptrend It was a pullback to broken level, next target could be at about 38 and for now entry, good sl at about 33 The best time for entrance is 15 min before bell and without a candle with clear up shadow.
In a regular and trend market, It has entered to new uptrend but as you know, whole of the market is still inside a corrective wave. So, this case is only for a scalping by setting target at about next level around 38 but if passed strongly, next would be 45 by setting sl at about 30
TECK has bounced off its covid lows very well and is now hovering around resistance waiting to break upwards.
Decision to Buy. Entry Price: $41.34 Stop Loss: $40.23 Target Price: $42.12
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 .
Desicion to Buy. Entry Price = $40.95. Target Price=$41.95. Stop Price=$39.88.
TECK rejected off trend/strong resistance area, targeting 38.97-37.86-37.09
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...
Desicion to Buy. Entry Price = $40.78. Target Price=$42.13. Stop Price=$39.43
Desicion to Buy. Entry Price = $40.68. Target Price=$42.00. Stop Price=$39.24