BOUGHT +127 TCK @5.51969

I’m back in TCK again. TCK is one of my favourites. I’d very much would like to keep it as a core position if the market permits. That’s why I’ve been keeping an eye on TCK for a re-entry since I cleared my position a couple of months ago.

Teck Cominco

Teck Cominco

Upside: Figure 1, bouced at 20 day MA support. 20 day MA crossing over 50 day MA soon. Price still within uptrend as shown in Figure 2.

Resistance: $6

Downside: TCK in short term downtrend. Indicators showing signs of weakness.

Support: $5.40 and then major at $5.0

Stop: $5.30.

Target: $6.30

Related posts:

1. BOUGHT +150 TCK @4.77973
2. BOUGHT +2 TCK 100 NOV 08 5 CALL @1.00
3. Bought/Sold 250 TCK.B.TO @ $34.10/$33.68, Loss -1.2%
4. BOUGHT +3 STRANGLE TCK 100 DEC 08 5/2.5 CALL/PUT @.53
5. SOLD -277 TCK @4.87