A couple of weeks ago, we noted that Sunoco (SUN) had broken a resistance pivot and was maintaining a bullish stance. Let's follow up.Sunoco (SUN) Daily Chart(click to enlarge)Bullish Stance:- The bullish stance observation was based on the fact that price is holding above the 200- and 100-day simple moving averages.- Also, the RSI has held above 40 after it broke above 70 in April. Continuation; Upside:- Indeed, price ended last week, with a push towards 32.- If this is indeed part of a bullish push, we can anticipate price going up towards 36. But we should probably cap our bullish expectation at 37-37.30, which was the resistance in April 2016.- If price breaks below 30, then we might have to abandon the bullish outlook and wait for more clues.