Suncor Potential Swing Trade

23 mar 2021

As Suncor approaches a previous area of resistance this area can offer up support and potentially reversal at this area. Depending on the severity of the selling pressure we may see a break down of the upward channel and head back to major support levels (smart to have a stop loss in case it does). However if this decline in share price is transient we can see a reversal take place at around 25 dollars should sentiment in the energy sector change.