Suncor's looking like it's hit some downward resistance from it's big drop and bigger recovery today. Looks like a $92-$100 trading range, with a nice bounce going forward. Currently sitting at $95 so the pendulum could tilt either way.
Manulife looks a bit frightening... if the bottom drops out of $34 support level it's hard to say where it goes. It did recover a bit from the insurance sector drop last week. Upside is $38-$40. Probably going to stay range-bound for a bit.
Royal Bank is another one with a long way to go down if the bottom drops out. A fairly decent recovery today up to $46.68 is much better than a couple days ago, where the low was $42.82. Looks to be stable around the $43 range. Upside could be $51.
RIMM looks strong. Upside to $112. Downside to $94. Closed in strength at $104.94. Watch for weakness Monday.
RIMM
http://tinyurl.com/2o7o5lEncana was fairly flat today and probably hit some resistance against the resources/energy selloff. With a floor of $70 and a close of $75.71, there appears to still be some upside. Perhaps back up to $78 or above? Or did it peak last week and it's all downhill from here.
Hoping it is, only because the resources and commodities sector is too hot to maintain a stable global economic environment. Something needs to give.
Looking for more downside in TD, $56 - $58 range, appears to be resistance at $58. Currently $61.29. Upside potential could be much greater than downside, especially if something happens with the CBH deal. Upside could be anywhere from $70-$75.
BNS has an ugly chart. 'nuff said. Head and shoulders on a P&F chart? It is at lows, so popping back up to the $48 mark would give some decent upside potential. Currently $44.18.
Potash is at resistance levels around $138. Still kicking myself for not buying it at $86 a couple of years ago before the split. Could bounce to $162. $147.57 current. Down 6.68%.
CNR is above bottom resistance at $48.67, resistance around $46, upside around $52-$53. I'm in Monday on CNR I think. Need someplace to park cash for a bit.
Barrick, blech. Down 20% today. I'm a buyer Monday... not. Seriously though, short covering Monday will probably bring it back to the $46-$48 range if things don't continue to deteriorate with the price of gold. When it rains it pours in commodities, so the downside for gold has got to be the $820/oz range.
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