Succor breaking out with volume. Succor broke out with volume yesterday. We are headed towards the 29 resistance.
SU trade ideas
SU - 6.5% potentialAs the economy begins to reopen more people will be driving, summer is approaching and crude is rising - bullish catalysts.
EMA crossed over signaling a buy - I am targeting top of the channel at $24.50 (approx. 6.5% move rather quickly)
SU CDN Suncor energy breaking out!With Warren Buffet buying into Suncor and a big inverted h&s pattern, this 2 week resistance point is being penetrated and is ready to gush upwards into the 26+ range! I've entered at 24.78 with a target of 26.50!
$SU to the mewnCommodity inflation is here, $USOIL is breaking out of the generational bearmarket and this is THE GENERATIONAL LONG.
$SU Suncor Energy has exposure to the oil sands which I think means the margins are possibly lower and they are more hated for environmental reasons? - This is what the chart suggests.
The slingshot higher should melt faces as all the flows pour back into the energy sector. Expect massive FOMO.
$SU Has good potential for recovery to previous COVID levels$SU is building support at the 382 fib level and if it takes off to a previous peak and then to fill the gap there's 16-38% gain. Options available on this one!
You wanted an energy pick?650M of the total shares of 1.5B is already on the short side.
The company will continue with his shares buyback program :
Suncor Energy shares outstanding for the quarter ending September 30, 2020 were 1.525B, a 1.87% decline year-over-year.
Suncor Energy 2019 shares outstanding were 1.561B, a 4.17% decline from 2018.
Suncor Energy 2018 shares outstanding were 1.629B, a 2.16% decline from 2017.
Suncor Energy 2017 shares outstanding were 1.665B, a 3.29% increase from 2016.
I expect a multi-days breakout, that means if you wake up one morning and the stock is up 30% i don't sell. It will continue for at least a week.
Trade at your own risk!
SU breakout possible as summer months approachSU is seeing a classic W pattern establishing a channel. If we see a breakout from that 19.30 resistance line we may be on the way to $25+. Looking for green over the next week or two. Oil always does well in June.
Warren Buffet Suncor Energy $SU taking off price target 30-40$ Crude oil said to rise to 65$ by the end of summer according to bloomberg analysts. Suncor Energy $SU taking off price target 30-40$. Warren Buffett currently owns this stock. Also check out ticker $XEG.CA for canadian energy oil gas etf.
SU UpdateInitially bought the failed breakout, unfortunately.
This is showing bullish divergence on 60 min and falling wedge pattern. Expecting trend reversal this week.
SUNCORE ENERGY finished 30 years grandsuper cyclehello everyone,
as you can see Suncor energy has almost finished a 30 years elliott wave grand super cycle, (almost since i was born ^^) and the giant oil and gas company took a hit as many leading company in the oil industry, i think it is going to take a lot of time to recover, but i believe this company is too big to fall, also i believe it is a golden opportunity for investors who want to invest in the long term, you can buy for the cheap price and get a dividend and also benefit if the price goes up, for technical analysis the stock is in the last stages of huge correction and long term investors who wants to buy at these levels should not worry if the price drop deeper, i believe there will be no way in the future to replace oil or gas..
good luck , please leave a like
Suncor Upside PotentialSuncor potential upside to 24 dollar range (~10%). The idea is based on trend but also the prospect of a stimulus bill sending stocks into a Christmas rally early next week. Cheers!
Buy Price: 22.41
Sold: __________
Suncor (SU.TO) get in with a SLSuncor has been another fantastic play since the 15$ entry.
Now entering a new zone a bit high on the RSI's.
Stock is still undervalued.
Looking for a strong push from here to next fib line so RSI can reset down before another two waves up.
Stop Loss in case of breakdown, although unlikely.
SU possible formations.Looks like inverted head and shoulders, or could be a double top. We will see soon.
SU Elliott Wave Analysis 11/30/2020Possible/Probable wave (2) scenarios
It retraced to 85.4% (wave ((iv))), but it could retrace to 61.8% (wave 4)
2h RSI shows it could be the 61.8%
