kbgeresy

NYSE stock picks (Suncor Energy - SU)

Long
NYSE:SU   Suncor Energy Inc.
SU
Suncor Energy is looking to set up to the upside with buyers trying to push beyond the 32.50 area which is considered a strong resistance area.
if buyers are able to breach this area it'll be expected to target the 37.90 area - If we take a look at the MACD we find the indicator is beginning to stay above the zero line as well as the RSI is more inclined into trading in its upper boundaries and pushing into the overbought area showing that there is momentum building behind the stock

Also with a surprise worse than expected earnings(E: 0.77 - Actual: 0.67 - 13.36% less than expected) in the last release price was still able to continue its move upwards hinting to a stong appetite towards a bullish stance.
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