Teekay Corp Ltd

TK remains in a Stage 2 markup with clear higher highs and higher lows and rising EMAs, but the recent bullish exhaustion signal at fresh highs and extreme overbought readings suggest short-term momentum is waning. Waiting for a pullback into the 20–50 EMA zone offers a clearer entry, while the medium- and long-term biases remain bullish as long as key EMAs hold.

• ↑Q2 net income $226M (+50% QoQ), EPS $6.49
• ↑Free cash flow ~$200M with $9,700/day breakeven
• ↓Geopolitical tensions disrupt routes; rising unsafe ports