Thursday, May 08, 2008

Cup & Handle - Suncor Energy Inc. (Public NYSE: SU)

SU carved out a C&H at the base of the morning reversal. I exited after a 100% measured move, but it still kept going.


ADSK daily - bullish flag pattern.

4 comments:

Robert Zotter said...

I've noticed you have been omitting the pivot points in your charts recently.

Do you still use them?

In this case did it bother you that R2 was not that far above the breakout point.

TJ said...

RZ, I still use them on the lower timeframe. Since I added previous day high and low, the charts were getting too busy. I saw that R2 was about 60 cents away, but price barreled right through so no problem.

bl said...

Jamie,
Nice trade along with those other Canadian commodity stocks: csiq eca cnq fdg tck ccj

TJ said...

BL,

The white north, at least we're good for natural resources. CSIQ tries to pass itself off for Canadian, but it's actually Chinese.