Suncor Energy Inc T.SU

Wash, Rinse, Repeat...

[MigraineCall]

Chances are quite good that SU will be making another run at this resistance line for the 7th time.

This has been a simple easy repetitive trade pattern to fatten your wallets.

Here's a recap:
1) Wash, rinse, repeat.
2) Wash, rinse, repeat.
3) Wash, rinse, repeat.
4) Wash, rinse, repeat.
5) Wash, rinse, repeat.
6) Wash, rinse, repeat.
7) Wash, rinse, ...?

[pooltec]

Oh brother is that a descending triangle or what?  Come on opec do your thing.  These f in BS EIA reports don't help a break out.

[MigraineCall]

Hi all. I'm still taking time off trying to heal, but I have something to add I think is worth sharing with the board. It is a SU chart update from my November post. Switching to view the current daily chart of SU on the TSX, many chartists see an absolute thing of perfection and beauty, which in this case keeps making you money over and over again. Check out how perfect those candles have

[lifeisgood1010]

Nice to have you back. Miss your relevant post. This board is getting worst by the day. Thanks for the post Wishing you all the best.

[pooltec]

Hey MG great to hear back from you.  I enjoy reading your charts.  Just bought more SU today and will dump it with your chart price target.  I have been to busy, was trying to post some of your charts while you where gone.  Wishing mental wellness.

[MigraineCall]

Ding, Ding, Ding.....!!!!

[lifeisgood1010]

Yep, we are right there at the top of the channel. Let me once again put my pink glass on. OK i have them on. SU told us that December was a very good month in terms of production. So if these good production numbers are coupled with good cost control in wednesday report,then the stock could have a day like we saw yesterday with Cenovus. And if that were to be the case, then we would break

[pooltec]

Ya I tend to agree all charts patterns are broken sooner or later.  It's not like SU has a premium valuation like some others do.  The Kruger would be the one to break it.  Brent going up over the weekend not something to bet  against. Russian oil facilities now being targetted. Iranian oil facilities could be easily hit by well trained special forces.   NA oil

[MigraineCall]

Hi all. Dropping in with an update: After 9 attempts, SU has finally broken through the resistance line on this flag, on both the US and CDN daily charts. Stochastics are now nicely embedded to the upside, as it pushes upwards in a gorilla glue trade following the upper Bollinger band. Crude annual seasonality is kicking in, and a good Q4 report as a tailwind has helped. Congrats to those