Suncor (SU.TO) jumps after releasing third quarter results which included the doubling of the current dividend

Suncor was up 13.39% as represented by the tall shaven bottom and shaven head candlestick. It closed above the recent high of $31.50. If it holds above the breakout point, Suncor has enough runway to hit $40 over the next three months. This all depends on WTI holding above $80. Suncor daily candlestick chart 2021-q3-suncor-energy-quarterly-report-en.pdf


Technical Analysis is about avoiding snakes and catching ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

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