NEW POSITION $SU Target 26.22 for 46.27%
Next add level at 16.29
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as...
Hello, fellow traders and investors SU and other oil & gas companies have sold off in the past weeks and they look like interesting buying opportunities. My personal favorite is suncor since it offers a good ROI and they are slightly profitable, unlike many others. If SU makes a recovery to the take-profit area it offers a 22% ROI.
Entry: Now
Take Profit:...
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...
While I think in general SU may retest it's highs in the 40's, I am looking at buying opportunities to load this one up with every dip. Looks like a bit of a pullback is coming (not big) as this continues to make it's way up as the summer months come. It is following its peak and valley pattern on the way up, and RSI indicates it should come down a bit.
With...
Potential downside idea for Suncor Energy. If the tide shifts to bearish for usoil we can see downward pressure on energy stocks such as suncor and perhaps a movement to the lower end of the channel
It looks like the SU trend of price increasing is going to hold. The RSI is in the right range, with the MACD and volume both suggesting a strong move up. With the summer months coming and the hope that Canada is opening up, we should see a surge of driving and oil use more than year to date and last year. Long term hold at this point and buying on dips?
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Simple ideas - No junk * Full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or like if want to send support * FX - STOCK - CRYPTO *
💡 SU technically based idea, we can see price is bounce from bottom trend line , technically indicators showing we can expect higher...
As Suncor approaches a previous area of resistance this area can offer up support and potentially reversal at this area. Depending on the severity of the selling pressure we may see a break down of the upward channel and head back to major support levels (smart to have a stop loss in case it does). However if this decline in share price is transient we can see a...
Has lagged CNQ and other companies due to them cutting dividends. Likes it for the long reserve life of lower-cost oil sands that is run well. The downstream integration is very good. The financial strength of the company makes it better than mid-sized or smaller producers.
$SU is sitting at it's previous high from June2020 and if it busts through, there's no resistance except for fibs until $26 for another 20% gain. I hope you enjoyed the 17% gain we grabbed up to this point!
