SU has been held in a range over the last month between 35.77 & 38.62 levels. I expect a move to the downside, breaking the low of the range to entice short selling before repricing higher with an upside objective to 46.50 level.
Not public advice. Do your own analysis. I have suncor stock in my portfolio. The chart shows a breakout upside on a flag pattern. might touch 42 to 44. June 2014 had brent at around 110 and Suncor was at 45$ then. So both technical and Fundamantal show a uptrend.
The truth is that the energy sector has been doing really well. WTI Crude appeared to can't stop won't stop, and then Natural Gas appeared to can't stop won't stop. Now, both NG1 and WTI are going to dump as the Federal Reserve points a nuclear bomb at the so-called "inflation," which in reality are high commodities and high stock prices. Shortly it will appear...
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The photo shows a cup and hold pattern forming. Price might go up to $40 In the next 2 days. Not a recommendation. For educational purposes.
high probability of going up keep your investment if you are a buyer
Wondering if this hits C of the cypher before hitting a Giza slope price on a Pi Date in 2023. Never advice but a preview of the potential who could be. All inspired by from a horse farming penguin and some other cool people.
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With the rising wedge and decrease in volume, I think we can see a nice down move here in the coming months. Happy Swinging, Stefan
Weekly SU Canadian Chart to potentially see where price goes in the next while. Lotta numbers in that chart.
Rejected @ LS and putting in a lower high? Lets go lower!
The upward price pressure from the commodity versus the negative sentiment for the company make this a great candidate for day trading. As the gap grows between Suncor and its peers there are bigger opportunities to win on the overnight and morning dip/ afternoon dump.
This is a possible path (speculative) into a good buy zone. I think we finished the 5 waves up in weekly so this daily corrective move (a-b-c-d-e) could possibly be only the leg A of the ABC weekly correction. Either way I see us continue the reversal if we break the 200MA. There is also a strong bullish divergence. Over 25 I see 27 pretty easily. Note : This is...
This stock relies heavily on the rapidly changing fundamental analysis with changing market conditions. Key support and resistance levels noted in orange on graph. Trend analysis, and trend directions noted in solid blue lines. With rapidly changing market conditions, this could create volatility.
Currently in a rising channel 5th Elliott Wave gets followed up with an ABC correction
While I think in general SU may retest it's highs in the 40's, I am looking at buying opportunities to load this one up with every dip. Looks like a bit of a pullback is coming (not big) as this continues to make it's way up as the summer months come. It is following its peak and valley pattern on the way up, and RSI indicates it should come down a bit. With...