SU - Ranging with a Bullish Underlying Tone
Updated
SU has been held in a range over the last month between 35.77 & 38.62 levels. I expect a move to the downside, breaking the low of the range to entice short selling before repricing higher with an upside objective to 46.50 level.
Note
SU did not quite reach for the range low before breaking the upside. Since the range is broken, I expect the price to continue to the upside with 46.5 as an upside objective.Trade active
Price continues higher since breaking the outlined range. 46.5 level is within reach.
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