collintwols

$SU in rising wedge and running up against .618

Long
NYSE:SU   Suncor Energy Inc
SU looks to be setting up a rising wedge and running up against my 618 from pre-COVID high fibs. I cashed out my option and will get back in once I see whether it breaks down out of the wedge or if it pops through the 618. Last time I ignored a rising wedge I missed out on gains, so I followed the pattern this time! SU is still in overall great shape and I will be re-entering!
Trade closed: target reached: It broke downwards just like it was supposed to!

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