I recommended and took a major position in Teck Resources on December 17, 2015 below $5.00
https://tradeonline.ca/2015/12/17/is-this-the-bottom-for-teck-resources/
https://www.teck.com/investors/
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Teck Resources Daily Chart
https://tradeonline.ca/2015/12/17/is-this-the-bottom-for-teck-resources/
http://www.teck.com/investors/
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“Technical Analysis is about probabilities.”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2016 TradeOnline.ca
The doji star is a potent warning when it appears after a sustained uptrend. It is a yellow light indicating caution. And it is close to the 10.00 resistance zone. A gap down on Monday that closes deep into the two prior white candlesticks would complete the evening doji star pattern. If the stock advances on Monday towards the 12.00 resistance zone, the doji star is nullified. Monitor the price action and trade accordingly
6-Month Candlestick Chart
Reference: A view of the weekly chart for Teck Resources showing the major downtrend but an intermediate and near-term uptrend with the $10.00 resistance zone.
On the plus side: Copper continues to breakout in a near-term uptrend which bodes well for Teck Resources.
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+33.94% for the week! Intermediate and near-term uptrend
3 Year Weekly Chart
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“Technical Analysis is about probabilities.”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2016 TradeOnline.ca
Teck Resources 3-Year Chart
Is this the bottom for Teck Resources published on December 17, 2015
http://www.teck.com/investors/
______________________________
“Technical Analysis is about probabilities.”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2016 TradeOnline.ca
Tech Resources 3-Year Weekly Chart
Reference my post of December 17, 2015: https://tradeonline.ca/2015/12/17/is-this-the-bottom-for-teck-resources/
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“Technical Analysis is about probabilities.”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2016 TradeOnline.ca
5 Year Copper Chart
Based on this chart for data up to Oct 20, 2011; copper has a negative technical profile. The intermediate trend is down with major support around the $3.00 level.
View my recent chart analysis for Teck Resources.
View Kitco for updated charts and other time periods.
Current articles pertaining to commodities:
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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.
© 2011 TradeOnline.ca