SU - Ranging with a Bullish Underlying Tone

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.

Commentaire:

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.

Transaction en cours:

Price continues higher since breaking the outlined range. 46.5 level is within reach.