TSX:SU failed to break pass the resistance line at around $41.80~, the very low MACD is also starting to cross over and it looks like it is bouncing perfectly right off the Bollinger Band. Good long opportunity here until it needs to make a decision at the previous support trend line around the $47 mark.
Price has broken down, next support is around 2% away.
- Classic bearish ascending triangle pattern
- MACD turning over and still negative
- RSI breakdown
- Price down trending, below all moving averages