TK trade ideas
Tk - Principle of PolarityNYSE:TK
Please correct me if I am wrong. I am just a beginner
What I see:
- 8-4-22 We broke out of a symmetrical triangle.
- The breakout occurred on above average volume.
- The breakout was followed by a small rally, up to the high of 19-1-22, TK then pulled back to a former resistance level near the breakout point, hopefully this former level will become support.
Today (21-4-22) and the following days will tell us if the Principle of Polarity is valid on this chart. What are your expectations for Teekay Corporation?
This is no financial advice.
TK Break OutI like the consolidation in the $3-$3.22 range over the last couple weeks and the slight gap up at yesterday's open.
The price is still well bellow the YTD POC line ($3.33) and closed above the .23 fibonacci level and the MACD is crossing. All indicators are very bullish.
Targets: $3.34, 3.54, 3.88
TK - Long-Term InvestmentSo this is an investment I've been scaling into at $2.00 levels for my long-term portfolio. Really think this is a great long-term play.
Looking for a move to MINIMUM $12. From there, I will manage my position, shed some risk, but ultimately, I'm anticipating TK to hit $27 per share.
I will keep scaling in whenever I'm given buy opportunities
$TK - do we have lift off?Lots of positives here.. I could be wrong...
it might dip in March to get in.. or will it go up for while?
Not sure about that ascending triangle but the fact that it broke through implies it doesnt matter?
TK BreakoutMACD is curling up and the most recent candle closed above the 50% fibonacci level after testing the 61% level. Also the rsi is rising but still relatively low.
1st target 2.89
2nd target 3.38
Head shouldershead and shoulders with bullish divergence. it appears to be braking out. waiting for retest to enter. very low risk trade as long as the market isn't in a decline which is expected soon.
almost therelook for a break of 2.2-2.3 for confirmation and take a long with a tight stop, first target would be 2.6, second 4.5 ... goodluck :)
TK Decision timeThis chart should resolve VERY soon. Green trend line is the trigger to go long. Red line is the trigger to go short . Low floater (69M oustanding, 5.8% short )
TK Steady rise up See a clear trend proving to be support and for the foreseeable future, this stock will rise between these two lines until the support gets broken.
$TK Launches on Power Volume Breakout as Money Flows to TankersTK is another Tanker breakout play running out of a MACD Bull Divergence setup.
Note the volume on this move: this is a significant event in the chart history for this stock as long as it isn't quickly given back (which would suggest a bull trap risk).
TEEKAY ANNOUNCES NEW BAREBOAT CONTRACT FOR THE FOINAVEN FPSOTK: Teekay Corporation
2020-03-27 06:59:10
TEEKAY ANNOUNCES NEW BAREBOAT CONTRACT FOR THE FOINAVEN FPSO
$TK Time to pop!This along with its daughters have been pushed too low despite strong fundamentals. Options expire on Friday! I think we see a big pop.
Teekay Corp. turnaround tradeTeekay Corp. is an investment holding company, which engages in the provision of international crude oil and gas marine transportation services. It also provides offer offshore oil production, storage, and offloading services, under long-term and fixed-rate contracts. It operates through the following segments: Teekay LNG; Teekay Tankers; Teekay Parent; Teekay Offshore; and Eliminations and Other. The Teekay LNG segment comprises of the liquefied natural gas and liquefied petroleum gas carriers. The Teekay Tankers segment offers conventional crude oil tankers and product carriers. The Teekay Parent owns floating production, storage, and offloading (FPSO) units and a minority investment in Tanker Investments Ltd. The Teekay Offshore segment includes shuttle tanker operations; FSPO units; floating storage and offloading (FSO) units; and offshore support. The company was founded by Jens Torben Karlshoej in 1973 and is headquartered in Hamilton, Bermuda.
TK longTK pass over this year high 4.83 and made a new high 5.00 with good volume. I'm long to target 6.0, SL 5.64
