After completing a 105 bar Bear Butterfly(purple), price had a deep reaction to T2 as it printed a 65 bar inside Bull Butterfly(teal). A strong reversal has led to the printing of a 107 bar Bear AB=CD(fat orange) and it's corresponding Entry Confirmation Line(fat orange horizontal). I have plotted a relevant upsloping Median Line set and a potential downsloping...
SU forming a triangle, double bottom after the pullback from the breakout. If they are able to meet earning expectations, this could ride the energy-hype and break out. Big area around 32-33.
Unlike oil price, which is in a bear flag, Suncor is squeezing bullishly in my opinion.
Hello dear Traders, Here is my idea for #SU Price closed above yellow line (previous month high) Targets marked in the chart (green lines) Invalidation level marked with red line Good luck! ❤️Please feel free to ask any question in comments. I will try to answer all! Thank you. Please, support my work with like, thank you!❤️
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...
You can buy it Target 34.3 and 37 stop loss 28.2 money management is your responsibility I recommend entering a maximum of 10% of the portfolio. good luck
The PEAD projected a Bullish outlook for $SU after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 85.71%.
Great opportunity to buy just above 200 day MA as the energy sector breaks out. This looks like a stage 2 breakout, clearly defined exit below 200 day MA. $1 or $2 downside vs high upside
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As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
Low test then High test? Have we broken out the flag or do we need to extend. Need to see $30 level hold as support then test the high. Don't long a double top, wait for confirmation of support after high test.
su buy .. buy above the resistance level and 50 ma at 33.58 .. finally target 38.08 ...
SU has been held in a range over the last month between 35.77 & 38.62 levels. I expect a move to the downside, breaking the low of the range to entice short selling before repricing higher with an upside objective to 46.50 level.
Not public advice. Do your own analysis. I have suncor stock in my portfolio. The chart shows a breakout upside on a flag pattern. might touch 42 to 44. June 2014 had brent at around 110 and Suncor was at 45$ then. So both technical and Fundamantal show a uptrend.
The 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.
Energy Stock Slowly Bullish momentum on commodity. Spill over effects on stocks All the best
high probability of going up keep your investment if you are a buyer