Suncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland, Australia. Testing multi-month overhead supply. Volume + strong candle structure would be welcomed. Global insurers + re-insurers have been leaders (see some of the U.S & German operators).
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
Rising wedge + close to resistance + declining revenue + RSI rollover
After making a Higher High SUN had retraced lower to Support of $9.60, and have bounced off quite well. Price is above the 200SMA and 50SMA, indicating that its bullish. I think SUN should continue higher with targets as below: TP1 - 10.70 (potential gain 4%) TP2 - 10.96 (potential gain 6.5) Stoploss - $9.50. Please note these are my own notes, by no means...
there is nice bullish candle on daily time frame at the end of a pullback that would be a trigger for buy position
2 x bearish divergence on RSI / MFI indicator 1 x on stochastic with likely 2nd , directional candles trending down
Stagnant market, no major catastrophic event but will not move beyond 15 this financial year
details on chart... breakout of descending trend line can be ending correction ... buy after breakout