RE:RE:How long should I waitOn July 21 st Migraine pointed to a technical inflection point on SU with a chart showing it.The same could have been said for many other oil producing company.
Here is what he wrote
"On a technical basis SU is nearing the narrowing pointy end of a bull pennant, poised to have an imminent breakout, where by pure statistics alone for this pattern, stands a 58% chance of it being to the upside."
The positive breakout did occur, and a we are now in a new uptrend.
The 3-2-1 crack is $53.28 CDN as i write and the 2-1-1 is $54.14
Su will have it's down days, but the trend is up and the risk reward as turned in
our favor(The longs)