Today we will analyze the stock SUNCOR ENERGY (SRE.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SUNCOR ENERGY (SRE.SG)
1- Last bearish trend was from 23.90 $ (7/24/2009) to 21.60 $ (7/30/2009) a 2.30 $ move 2- The current bullish trend started from 21.60 $ at 7/30/2009 and is currently trading at 23.59 $.
3- SRE.SG current support level is at 23.02 which is the 61.80 % fibonacci retracement of the last 2.30 $ move.
4- SRE.SG current resistance level is at 23.90 which is the 100.00 % fibonacci retracement of the last 2.30 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SUNCOR ENERGY (SRE.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 21.600 and 18.740, and is currently supporting at 22.744.
SUNCOR ENERGY (SRE.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 21.600 and 18.740, and is currently supporting at 22.744.
SUNCOR ENERGY (SRE.SG) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 21.600 and 18.740, and is currently supporting at 22.744.

Stock Trading Conclusion:
SUNCOR ENERGY (SRE.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 23.90, 24.53, 25.32.
Stock Support levels : 23.12, 23.02, 22.83, 22.75, 22.74, 22.60, 22.48, 22.36, 22.14, 21.60,.