Taseko Mines Ltd T.TKO

Up trend line broken

[AlfTanner]

The up trend line going back to 8/20 is now broken.  This stock is now in a confirmed down trend.  It could be headed to support at US$1.50 (CA$1.92).

[metalhead666]

No such things. 

[JoeStockIQ]

Here come the nervous Nelly worry warts talking about downtrends (Alf & probably Cog) and the flat out idiotic Snuffleofagus talking out his azz as usual about potential problems with production and permit issues he knows nothing of personally for certain. The news about the contract emergency services with the town of Florence is excellent news. There just might be stipulations requiring such

[AlfTanner]

You have to listen to the charts.  They will tell you when to step aside and avoid taking a beating. Broken trends are bad for investors.  The charts are saying that this is likely headed to support at US$1.50 (CA$1.92).

[metalhead666]

Bull $hit....charts do not predict anything.

[JoeStockIQ]

The problem with charts is that they are always working on current market conditions during normal business operations and have no way of factoring in big events on the horizon that will move the price higher or lower. Now, before you say the market is already factoring in everything known, that is definitely where we'll disagree. Why? Actually, for several reasons particular to Taseko

[pokinfun]

This post has been removed in accordance with Community Policy

[Cognition777]

then again ... what a massive hammer formed today in the copper candle chart. Tomorrow will tell whether it is a fake out or legit... fingers crossed.

[metalhead666]

Dumbest superstitious ridiculous nonsense I read all day. 

[JoeStockIQ]

Never said the charts looked good and agree that they have their use at times. Only argument is that you know full well significant updates change things right quick. 

[Riggedmkts]

A beautiful thing about charts: they often show something different depending on the timeframe. 2-months chart of copper: run for your lives! 8-months chart: range-bound trading between $4 and $4.80, oversold within the range. 20-months chart: 8-months consolidation after a 12-months runup, a possible continuation pattern. Same for pretty much all the copper miners.  I'm not knocking