looks like it will be the 5th RSI rejection in 5 months haha, I expect big move to downside below 38.30 but we can also see a rally if 39.72 breaks and support does not act as resistance. lets see what happens!
Another impulse finished. We are going down. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
NYSE:SUN Possible Scenario: LONG Evidence: Price Action TP1~ 37 Call options, Strike 37.5$, 06/18/21 Call options, Strike 30$, 06/18/21 * I'm not a financial advisor and it could be wrong 100%.
Bullish divergence on RSI and MACD. Bottom of price channel. Respectable Dividend paid quarterly. .825
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...
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
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...
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