"Sun"core will come out tomorrow

A lot going on with SU.

Confirmed golden cross
Positive oil prices
Excellent balance sheet

broke through resistance and now setting up to fill the gap up tp 26.23.

The tank is full and we are ready to ride.

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Note for transparency purposes: I am long at 18.63 - I see some minor resistance at 21.21 and then filling the gap to 26.23

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@awisecrackin - I think the move to 26 is going to happen in the short term. As for longer term - I don't see Blue Gas/Electric and Lithium are going to replace oil/gas for at least 20 plus year. We have to consider buildings, airplanes, construction equipment etc. make the world go round. Think how long it took for locomotives to switch from coal to diesel. It won't be overnight and I'm sure these companies will invest to have a place in the future.

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I'm very cautious of techs right now. They had a huge run and well above sustainable earnings. My 2021 sectors are:
Oil/Gas
FTI 9.80-13 - sold
SU 18.60 holding
EQT - 13/14 to 17.70 sold
Plant based proteins BUROF holding and expecting 8-10 PT
Materials too many to list right now
Bio-Techs: LUNA, CYCC, OPK, CLSD

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Don't let the news of Keystone XL cancellation through Biden's executive action deter you. It has no impact on SU, their Pipeline is Trans Mountain and not impacted

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Folks - this is taking more time than I thought it would to workout. Technical chart - is now neutral. The recent earnings report was reassuring. I'm maintaining my position.

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For all who held or added, good move. SU is in breakout mode - next hurdle is so close ($21.21) and then we attack the gap that was created in March 2020. PT maintained as 24-26 zone

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Suncore has gotten through several key resistance levels - it is primed for a break above $22.25 which will open a path to huge gap in the chart PT is currently maintained at 25/26 - Trade Rite will adjust targets accordingly as oil prices are continue to rise.

Give a thumbs up if you're long

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We need to see this clear 24.80, it has been displaying a positive trend while oil has been under pressure.

Full disclosure - I have sold calls against and taken some profits from the 18s price run up. Still have a long position.

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SU is setting up for a break above the gap zone - clearing 24.89 should do the jobs - short term target 27- 29

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Despite the news of IRAN potentially flooding the OIL markets, SU has already stated they will continue to buy back shares, and plan to increase their dividend which will bring back major players.

There is MAJOR resistance at 24.89, once we penetrate, set your alerts and get long. You can take me later. We will the breakout is coming.

PT 27-30

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WE ARE SO CLOSE TO THE BREAKOUT LEVEL - SET YOUR ALERTS FOR 24.89
CORSSING THIS THRESHOLD SETS UP FOR MOVE TOWRD $30

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earning on the horizon - all positive sentiment and expect the EPS to be solid

Trade closed: target reached:

SU blew away EPS and restored their dividend
Stock is closing in on pre-covid levels - has more more to go. I'm taking some chip off the table