This is a great opportunity to LONG Sunoco.
The gas station chain is among others around the nation refining itself and with gas currently selling there will be a rise in demand for the summer months in addition to heightened tourism.
Recent market structure change resulting in higher price will continue to $61 per share.
Exercise long in the next 2 weeks or...
Sunoco LP (NYSE: SET:SUN ) is making strategic strides in its growth journey with the completion of two significant transactions – the acquisition of European liquid fuels terminals and the divestiture of convenience stores in West Texas. These moves underscore Sunoco's commitment to optimizing its portfolio, enhancing supply chain efficiencies, and positioning...
This is one of my favorite patterns. This is in an uptrend in the higher timeframes. the Daily, weekly and monthly. It is near an all time high.
On the daily it formed what I call the "W" pattern on the daily chart. The W is a new high (11/20), a failed breakout (11/30), then declines to the last low (to the penny) and then breakouts out to a new high.
The...
In a bold strategic move, Sunoco ( SET:SUN ), the prominent motor fuels distributor, has announced its intention to acquire NuStar Energy, a key player in the oil and gas transportation service industry. The all-stock deal, valued at an impressive $7.3 billion, including assumed debt, marks a significant step for Sunoco as it seeks to strengthen its position in...
Sunoco LP., ( SET:SUN ) a key player in the energy sector, has recently unveiled a series of strategic moves that suggest a calculated approach to future growth. The company's announcement of a $1 billion deal with 7-Eleven, coupled with the planned acquisition of European terminals, reflects a commitment to expansion and optimization. While financial figures for...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore...
looks like it will be the 5th RSI rejection in 5 months haha, I expect big move to downside below 38.30
but we can also see a rally if 39.72 breaks and support does not act as resistance. lets see what happens!
Another impulse finished. We are going down.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
NYSE:SUN
Possible Scenario: LONG
Evidence: Price Action
TP1~ 37
Call options, Strike 37.5$, 06/18/21
Call options, Strike 30$, 06/18/21
* I'm not a financial advisor and it could be wrong 100%.
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...
