Was asked by a follower to do Suncor. Was a great idea so here it is.
BTW, Suncor trades on both Canadian and US markets. So this applies applies for both markets.
Left hand side graph shows a confirmed Cup'n handle on the daily with a possible total gain of 28% and a price target of 30.83$. Not a lot, but still an uptrend.
Right top graph shows the weekly chart, this time with an ascending triangle (not confirmed) with possible gains of 77% for a price target of 45.67$. Still need to break the resistance level at 26$ to confirm the uptrend though.
Finally, the Energy sector is shown on the bottom right graph (weekly chart). Again, an ascending triangle (not confirmed) with possible gains of 77%. This reinforces the possible gains for Suncor as the Energy sectors rides in unison with Suncor. Energy sector has to break the 460$ resistance level to confirm.
Help if you can! Coins or Patreon.
Stay humble, have fun, make money!
BTW, Suncor trades on both Canadian and US markets. So this applies applies for both markets.
Left hand side graph shows a confirmed Cup'n handle on the daily with a possible total gain of 28% and a price target of 30.83$. Not a lot, but still an uptrend.
Right top graph shows the weekly chart, this time with an ascending triangle (not confirmed) with possible gains of 77% for a price target of 45.67$. Still need to break the resistance level at 26$ to confirm the uptrend though.
Finally, the Energy sector is shown on the bottom right graph (weekly chart). Again, an ascending triangle (not confirmed) with possible gains of 77%. This reinforces the possible gains for Suncor as the Energy sectors rides in unison with Suncor. Energy sector has to break the 460$ resistance level to confirm.
Help if you can! Coins or Patreon.
Stay humble, have fun, make money!
