Taseko Mines Ltd T.TKO

the copper chart

[Cognition777]

is pointing to $3.12 copper on August 9th unless copper breaks through upper resistance or falls through support before then. That will be right around the time TKO releases Q2 financials ... 

it already bounced off resistance 3x since May 9th's high (including last Thursday), and has bounced off support twice going back to March 17, 2020.

of course, anything can happen (and usually does); but my bet is on for an August 9th beginning to the next trend higher...

any thoughts from others on the technicals re:copper?
just for fun ... not an opportunity for insults please.

[metalhead666]

There is no such thing as any viable "technicals"  They are all make believe voodoo nonsense. Magic numbers do not beget other magic numbers, there's no such thing as "support" or "resistance" and charts do not predict anything

[Cognition777]

Your probably correct Metal, "technicals" are "make believe voodoo nonsense"... so I will rephrase my thoughts here. the copper prices has "already bounced off of 'the top make beleive voodoo nonsense' 3x since May 9th's high (including last Thursday), and has bounced off 'the bottom make beleive voodoo nonsense'  twice going back to

[metalhead666]

You see what you want to see, all pattern seeking primates are hardwired to do so. Doesn't make it so. There are no magic numbers that beget other magic numbers.  While speculation has a part, commodities move according to supply and demand not where the price was once upon a time

[JCSunsfan]

I agree to a certain extent.  Commodities like copper are different than regular stocks.  People buy and sell stocks based upon reason and emotions.  Everyone is a speculator and no one is a consumer. Charts take into account those emotions when tryng to judge future movements.  With the exception of futures, commodities tend to be purchased for use, so supply and demand are