SUNOCO LP

NYSE

SUN

Trading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based...

SUN

Buy trigger @ $31.20 (previous high) Profit zone: $33.20 - $34.20

Bull pennant: - Setting tight stop and conservative initial target due to length of pennant (potential weak follow through / failed breakout) - Conservative target @ $32.11 - Aggressive target @ $34.24 - Stop on close below $29.70

What a cup n handle! Nice yield also. This one's bouncy.

that 50ma. Price kissing the 100ma. Light vol. Use your imagination.

has $40 PT but just out of DT. Big Yield. @rahagar What you reckon?

As with all the other us energy stocks we have been following they're all in a corrective structure. Like all the others Sunoco is currently in a corrective structure. One option is to sell off the bounce of the top of the triangle. Alternatively we will be waiting for a break of the lower trend line. Once it breaks we will be watching on a lower time frame for...

below 50/below 8 ema goal line see iour book on amazon why goal line is crucial/large red days/cci and percent r at bottom/relative strength weak /macd and stoic crossed/ always protect with buy stops/below 200