Not public advice. Do your own analysis. I have suncor stock in my portfolio. The chart shows a breakout upside on a flag pattern. might touch 42 to 44. June 2014 had brent at around 110 and Suncor was at 45$ then. So both technical and Fundamantal show a uptrend.
The photo shows a cup and hold pattern forming. Price might go up to $40 In the next 2 days. Not a recommendation. For educational purposes.
Energy Stock Slowly Bullish momentum on commodity. Spill over effects on stocks All the best
high probability of going up keep your investment if you are a buyer
Wondering if this hits C of the cypher before hitting a Giza slope price on a Pi Date in 2023. Never advice but a preview of the potential who could be. All inspired by from a horse farming penguin and some other cool people.
Oil has been beaten down by Covid, fundamentally SU is worth way more than the current prices. Now turning towards a reversal on low volume signifies that there are fewer sellers than buyers right now. Could be potential for a gap up in the next few weeks.
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LONG-TERM: Cup & Handle with Hidden bullish divergence. (not financial advice)
With the rising wedge and decrease in volume, I think we can see a nice down move here in the coming months. Happy Swinging, Stefan
Weekly SU Canadian Chart to potentially see where price goes in the next while. Lotta numbers in that chart.
Was asked by a follower to do Suncor. Was a great idea so here it is. BTW, Suncor trades on both Canadian and US markets. So this applies applies for both markets. Left hand side graph shows a confirmed Cup'n handle on the daily with a possible total gain of 28% and a price target of 30.83$. Not a lot, but still an uptrend. Right top graph shows the weekly chart,...
A lot going on with SU. Confirmed golden cross Positive oil prices Excellent balance sheet broke through resistance and now setting up to fill the gap up tp 26.23. The tank is full and we are ready to ride.
Rejected @ LS and putting in a lower high? Lets go lower!
The upward price pressure from the commodity versus the negative sentiment for the company make this a great candidate for day trading. As the gap grows between Suncor and its peers there are bigger opportunities to win on the overnight and morning dip/ afternoon dump.
cup and handle.. buy after the 200ma.. stoploss under the support level
Entering if price cross 200MA Bullish divergence on the RSI Bouncing of support level Macd Cross Current macro economics situation is in my opinion bullish for oil
This is a possible path (speculative) into a good buy zone. I think we finished the 5 waves up in weekly so this daily corrective move (a-b-c-d-e) could possibly be only the leg A of the ABC weekly correction. Either way I see us continue the reversal if we break the 200MA. There is also a strong bullish divergence. Over 25 I see 27 pretty easily. Note : This is...
This stock relies heavily on the rapidly changing fundamental analysis with changing market conditions. Key support and resistance levels noted in orange on graph. Trend analysis, and trend directions noted in solid blue lines. With rapidly changing market conditions, this could create volatility.