As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
Low test then High test? Have we broken out the flag or do we need to extend. Need to see $30 level hold as support then test the high. Don't long a double top, wait for confirmation of support after high test.
su buy .. buy above the resistance level and 50 ma at 33.58 .. finally target 38.08 ...
Energy Stock Slowly Bullish momentum on commodity. Spill over effects on stocks All the best
Oil has been beaten down by Covid, fundamentally SU is worth way more than the current prices. Now turning towards a reversal on low volume signifies that there are fewer sellers than buyers right now. Could be potential for a gap up in the next few weeks.
LONG-TERM: Cup & Handle with Hidden bullish divergence. (not financial advice)
This is another video (no sound) showing how I built the Suncor Energy Idea a few days back. If you want to know more about chart patern and technical analysis, please ask and join my Patreon to get some one on one discussion on stocks and analysis. Stay humble, have fun, make money!
Was asked by a follower to do Suncor. Was a great idea so here it is. BTW, Suncor trades on both Canadian and US markets. So this applies applies for both markets. Left hand side graph shows a confirmed Cup'n handle on the daily with a possible total gain of 28% and a price target of 30.83$. 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