Suncor – Shooting star candlestick

The intermediate trend (three weeks to three months) for Suncor is up.

But the shooting star candlestick is a warning signal: it is like a yellow light indicating caution. I do not want to see a close below $40 which is a support level. The next major support point would then be $35.

Technical analysis for Suncor listed on the TSX - shooting star candlestick

Suncor - 2-Year Weekly Chart

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