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SUNCOR ENERGY
(SU-NYSE):
Technical Viewpoint: From a low
of $24.73 on Jan 29, 2004 prices
rallied, reaching a
high of $26.73
on Feb 11, 2004. A
decline saw prices pull back, reaching a
low of
$24.70 on Feb 24, 2004.
Another rally saw prices penetrate
resistance, closing 3/1/04
at $27.48. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 1, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $25.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 1, 2004. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! SUNCOR ENERGY
(SU-NYSE) @ $27.63 Stop: Use a protective stop of $25.63.
SUNCOR ENERGY is currently trading @ $27.48 plus $1.50 on Mar 1, 2004. Price Objective:
$38.50. Risk/Reward: $2.00 VS. $10.87. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$38.50
Risk/Reward:
$2.00 VS. $10.87
Risk/Reward Ratio:
5:1
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