For those who think TA is useless, I direct you to May 20th on a 60 min. chart. A text book perfect evening star formed which is bearish, the stock drop. Yesterday the same pattern set up, you would have been out by 16.90 at the latest. Tomorrow there is no candlestick pattern forming, however we filled a gap and some indicators turned up, I expect a up day, but I'll wait for confirmation on a 60 min. chart. On the shorter term charts TCK is tracking upward on the 10 ema which is very good indicator in a bear market
That's what is so useless about technical analysis... you don't know what happened until AFTER it happened.
I do agree, however, that TCK will continue upwards. It's just for fundamental reasons, however.
My chart looks more like a rabbit with floppy ears....LOL!
This stock is clearly testing resistance for a much higher move upward. Not sure about $18, but I wouldn't bet against TCK here.