TSX:TECK.A - Post by User
Comment by
smartinvest78on Feb 19, 2016 8:32pm
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Post# 24577067
RE:sold the other day at 8.40
RE:sold the other day at 8.40TCK is losing momentum right now. Volume is down significantly today (almost half of yesterday's). Looks like short covering is almost done. If US S&P breaks up 1950 next week, TCK may go to $8.50-9.00. If failed, S&P will re-test 1810 and TCK may go down to $5.00-6.00. If 1810 cannot hold, TCK may go down to $4.00-5.00 or lower. It is only a short term movement. Long term is good. So if you are a long term investor, just hold it and ignore the price up and down. If you are looking at short term and want to accumulate more shares, just wait for a good entry price. JMO.