SU, Suncor

Last time we were a little early getting in and out of this stock, but there may be a second chance to do a little better;

 SU dec 2011

Both the RSI and MACD are close to extremes and this alone warns that a turn may be coming soon. From perspective, we probable had 5 waves down followed by an A and B with C still to go. The stock had dropped $23 and retraced only $10 and has retraced more than 62% of that. A rebound now of about $10 would take the stock to just under $35. See also previous comments.