TECK exhibits a long-term positive technical structure; current weakness is a tactical pullback, with potential for trend resumption.

Teck Resources (ticker TECK) operates in the non-ferrous metals group and is not part of the S&P 500 index. Its market capitalization is $33 billion, meaning it is not a small company, but rather falls within the category of companies with a market capitalization of a mid-cap.

But looking at this company, we notice a very strong trend. While New Core is going through a consolidation phase, Teck Resources may be hitting a higher bottom.

It is true that its latest attempt to set a new record did not reach a new record high, but it fell back to the 50-day moving average, which remained stable. The Relative Strength Index (RSI) also remained stable above 40.

So, overall, I would say this looks...more like a tactical pullback within a long-term uptrend. The stock of Tech has seen several drops to its 200-day moving average, and it has held its ground.

In general, I would say that the long-term structure, as shown in the weekly chart, is showing a long-term positive pattern, and I am waiting to see if this short-term pattern will resume the upward trend.

So, as you know, Tech shares are outside the specific range I wanted to start with, but perhaps their chart is better than Nocor's, from a technical point of view.