Suncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland, Australia. Testing multi-month overhead supply. Volume + strong candle structure would be welcomed. Global insurers + re-insurers have been leaders (see some of the U.S & German operators).
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
Rising wedge + close to resistance + declining revenue + RSI rollover
After making a Higher High SUN had retraced lower to Support of $9.60, and have bounced off quite well. Price is above the 200SMA and 50SMA, indicating that its bullish. I think SUN should continue higher with targets as below: TP1 - 10.70 (potential gain 4%) TP2 - 10.96 (potential gain 6.5) Stoploss - $9.50. Please note these are my own notes, by no means...
2 x bearish divergence on RSI / MFI indicator 1 x on stochastic with likely 2nd , directional candles trending down
details on chart... breakout of descending trend line can be ending correction ... buy after breakout