su buy .. buy above the resistance level and 50 ma at 33.58 .. finally target 38.08 ...
Energy Stock Slowly Bullish momentum on commodity. Spill over effects on stocks All the best
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.
LONG-TERM: Cup & Handle with Hidden bullish divergence. (not financial advice)
This is another video (no sound) showing how I built the Suncor Energy Idea a few days back. If you want to know more about chart patern and technical analysis, please ask and join my Patreon to get some one on one discussion on stocks and analysis. Stay humble, have fun, make money!
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,...
Great opportunity to buy just above 200 day MA as the energy sector breaks out. This looks like a stage 2 breakout, clearly defined exit below 200 day MA. $1 or $2 downside vs high upside
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
NEW POSITION $SU Target 26.22 for 46.27% Next add level at 16.29 ----- — 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:...
Uptrend since October 2020. Price attempted to break out and it could complete 5th wave.
weekly chart Support at Mid cup and handle low No recommendation Resistance overhead
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...
$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!