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Hawk’s Nest

Diversified Metals Leader Sees Bulls Position for Further Upside

by | Aug 18, 2022

Teck Resources (TECK) with buyers of 8000 September $37 calls for $1 today as shares work out of a tight flag on the 8-MA. The stock has been trending up since 8/21 EMA cross higher in early July and now near a break above YTD VWAP with space up towards a VPOC at 40 that remains untested since June. TECK also found support this summer at the top of yearly value area support near 25 and is recovering strong back above 21 week EMA which generally shows longer term trend.