Apr 27, 2021
[< 1 min Read]
Candlestick pattern: Suncor (SU.TO) broke upward with a "gap up" after days of consolidation indicating the begining of a strong upward momentum.
MA(5), MA(10) Cross: The 5-day period moving average MA(5) is on the verge of crossing upward currently sitting at 25.5 vs 25.8 for the 10-day period moving average
RSI: The RSI turned upward also showing a shift in momentum
SU.TO appears to have a positve Kurtosis and Skewness which makes it less prone to bad/negative volatility and rather positively biased.
The strong resistance at 27 would be the price target. However, if it breaks past that resistance we would be aiming for 29.5 (Next resistance).