Commet: I am commenting on TCK the USA stock since 99% here are Americans....as I am writing it is the Thanksgiving holiday for Americans...the Canadian version of the stock TCK/B.TO is trading and doing quite well gaining $0.73 TODAY, Nov27. You are going to see a HUGE rise in TCK tomorrow...perhaps you can catch this at the bottom tomorrow but I doubt it.

It has been far too long since I last posted on this stock. This company will be a huge buy for those who play long. A major Canadian mining company diversified into Copper, metallurgical Coal, Zinc, Oil (Tar Sands), Gold and other metals, who was worth $50+/share and dropped to the $4.00 becuase of this perfect storm of falling metal prices.

I have started my accumulation of this stock. I will bet that this stock will reach $20.00 in 2 years and that IMHO is a conservative view.

If you bought 100 shares at $4.00 = $400.00 investment. Doing now except watching the market will net you $20.00 x 100 = $2000.00 You have increased your investment 5 fold. I intend to have a lot more than 100 shares at these prices.

So what has happened to TCK since I last looked....here is the pincher chart

TCK - SharpCharts from StockCharts.com

As you can see, we are exactly at the beginning of a pincher...it started 2 days ago and we have gained about 24% on TCK (so far the Canadian stock TCK/B.TO has risen 42% over your Thanksgiving...so garuanteed the gain on TCK will be higher tomorrow)

Let's do the rest of this TA with the normal sharpchart

TCK - SharpCharts from StockCharts.com

A 24% gain and it is just a blip on the curve. The stock did drop suddenly last week since it announced that it is suspending dividend. It had a healthy dividend before but given these bad times it had to cut costs to survive. I'm confident that dividends will eventually be reinstated as it pulls out of this ...It bothered a lot of paople...me? Nopes...it just gave me a lower buy-in.

The bollinger bands are extremely wide....this bounce has not affected them much...it it keeps rising though you will see a dramatic change.

In spite of the recent rise the chart is not bullish ... the RSI is climbing out of the toilet, The MACD is starting to turn around and you can see the sell-off of TCK in the past month in the Accum/Dist

here is the P&F chart



It is a difficult chart to interpret because of the rapid fall. Support is at $3.50 and resistance seems to be at $9.00!!!??? Hard to believe we could rise to $9.00 unopposed.

Here is the 5 day BigCharts,com candlestick chart



Hahaha...I am cheating since this share price must rise to be in sync with the Canadian performance today...$4.25 does look like a nice support.

This stock is perfoming well....but remember it is in a pincher mode so I would expect a pullback by the end of the week. I expect sideways motion for a while too until the Bollinger bands tighten in the Sharpcharts

It is nice to see a stock take off though

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I am not a stockbroker. I retired four years ago and learned charting. The opinions expressed in my posts are my own. Do your own DD and accept or reject my comments as you please.