WED 1/7: TECK – CALLING A 2ND SELL SIGNAL @ $49.01 +9.0%

9:42 AM – Shares are gapping down this morning, signaling near-term weakness. While the stock remains above its 10 DMA and within its broader uptrend, the opening gap justifies additional profit-taking. Calling a 2ND SELL SIGNAL here to offset the loss on the 1st SELL SIGANL.

SELL SIGNALS:
12/16 (1/3) @ $43.30 –3.7%
1/7 (1/3) @ $49.01 +9.0%

OVERALL P/L: +2.7%

ULTRA Trader’s Tip: Gaps Change the Risk Profile

  • Gap-down opens often shift short-term risk, even when trends remain intact.

  • Taking profits into strength after a gap helps avoid giving back gains.

  • Scaling out while momentum is still positive keeps you in control, not reactive.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.