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 for successful breakout of counter-trendline if comfortable with the overhead resistance zone at 13.50-14.00 levels
- 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 for successful breakout of counter-trendline if comfortable with the overhead resistance zone at 13.50-14.00 levels