I wanted to highlight one of my shorts in particular on this quiet morning: Tech Resources (symbol TECK). As you can see, the long-term chart illustrates two prior massive tops, both of which were followed by a hearty plunge. The most recent reversal, which is not tinted, has good prospects as well for falling more, even though it has already lost quite a bit of value from its peak.
A closer look at the recent action shows the well-formed symmetric price triangle as well as the recent price gap. I’ve tightened up my stop to 17.35 on this one, with an eye toward much lower prices.
