Sunono (SUN) recently broke above a key resistance around 31.50. However this breakout was challenged by the market and price retreated back to 30. We anticipated at least some support reaction around 30 for SUN, and this has materialized so far.Sunoco (SUN) Daily Chart (click to enlarge) Bullish:- Sunono has been bullish since the end of 2016, reversing the bearish trend before that.- It's been a choppy run, but price is trading above the 200- and 100-day simple moving averages (SMAs), which reflects bullish bias.- The fact that price is holding above the 100-day SMA in August also shows that bulls are still in control.- Furthermore, note that the RSI is holding above 40, which means the prevailing bullish momentum is intact.Upside:- The ability to hold above 30, keeps upside targets towards a common pivot around 34 then a resistance pivot at 37.30. (Refer to the weekly chart).Sunono (SUN) Weekly Chart (click to enlarge)