SUL
- First time doing a written analysis on SUL
- Has history of multiple uptrends but also multiple downtrends
- Strong resistance zone at 13.50-14.00 levels
- Stock has been forming LHs and Lower Lows (LLs) since August
- Any break of 11.60 support could see the stock test the 10.80 support levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting...
SUL breaks out of bullish channel established for 2019.
Bearish Golden Cross on both 1H and 2H time frames.
Cyclically falling RSIMA(30) since a peak in late May.
Price target $6.30 for the bottom of the multi-year channel, $8.30 for some consolidation on the way