TSX:TECK.A - Post by User
Post by
Falcon44on Mar 30, 2009 5:42pm
927 Views
Post# 15882692
Weekly Action
Weekly ActionWell, the drop happened and now comes the fun part. $6.66 has to hold up tomorrow, If not then it's possible to see it fall back to the $5.00 level. There is no earnings to support for this recent rally, it was just a releif rally and is being manipulated by fund managers, saying that , there could be some more upward price action in the comming days, I feel we have not hit our high for this run from $3.35. My byweekly chart is showing a $6.60 low and a $10.00 high. My monthly chart is showing the same. I will follow it untill we break through the $6.60 support level. Consumer Confidence numbers are out tomorrow morning and they are expected to be better than their last report. If so, we could see the market shrug off todays selloff and continue it's upward trend. Have Fun!