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VLO

VLO Bullish Sweep $2M in premium traded for $80 Calls June 18thNYSE:VLO $2M in premium traded for $80 strike calls for Friday June 18th 2021 expiration traded today. Unusual Activity for $80 calls about 10,000 contracts traded around 10.25pm @ approx $1.70 (Above Open interest of only 4657) Volume 23K Plug power earnings date is 04/22/2021 Thursday Bounced off 50 EMA multiple times showing good downside support. CCI is also trending up going from bearish to bullish. 2 Months time on these options I would recommend a vertical spread to keep theta at bay especially after earnings when IV will drop reducing the price of the options if you expect to hold this past earning. The stock dose have the tendency to fall after earnings most of the times and rally after. I would wait for confirmation of break of the $73.95 level and possibly a close above this level to start a position. Got multiple mentions on CNBC today and has already traded up with some volume coming in. Support 50 EMA $70.95 Resistance $73.80 Target 75.21, 77.03, 78.22, 81.33 SL close below 50 EMA Follow more unusual activity signup for a free trial using my referral link marketaction.live Please let me know in the comment if you find this useful.
NYSE:VLOLong
by marketaction_live
1
VLO - Support Held, Looking LongValero Energy has been consolidating since early December after a pullback. The support level from a prior high established back on April 25th continued to hold as the price is just starting to break out from the level established on November 2, 2018. A purple dotted line will mark where a previous break out attempt failed so all longs will want to see the price successfully take this level out. Note the bullish divergence with the stock price & the RSI since the stock has begun its consolidation from early December. The slow stochastic is exiting an oversold condition as well. As stated above I want to see the price get higher than the dotted purple line. Assuming it does that, I have my Fibonacci extension levels noted with the dotted green lines. The dotted blue line is based on a traditional P&F chart using a 3-box reversal along with a value determined from a 20-day ATR. Earnings are on January 30th BMO, so anyone planning on holding over a month should take that into account.
NYSE:VLOLong
by Chartimistic
Crak'n Up - Refiners Are Not At A Level Worth Buying Yet"Refinery stocks are not ripe just yet, especially with crack spreads as weak as they are. We're already seeing three of the top four holdings in CRAK begin to roll over, including Marathon, Velaro, and Holly Frontier. Phillips 66 is the outlier. We continue to wait for CRAK to reach to range bottom with a confluence of crack spreads. If refiners continue to breakdown, we'll revisit prior to the summer gas demand season." CRAK intermediate TACVOL CRAK 31.88/26.16 MPC 71.04/56.04 PSX 104.02/82.85 HFC 67.49/45.38 VLO 92.70/69.64
AMEX:CRAK
by TheMacroStrategist
VLO approaching resistance, potential drop! VLO is approaching our first resistance at 82.84 (horizontal overlap resistance, 23.6% fiboancci retracement, 61.8% fibonacci extension) where a strong drop might occur below this level pushing price down to our first support at 70.05 (horizontal overlap support, 100% fiboancci extension, 50% fibonacci retracement). Stochastic (21,5,3) is also approaching our first resistance and we might see a corresponding drop in price.
NYSE:VLOShort
by TradeGATEHub
VLO - Possible Bullish Swing TradeI will be watching VLO over the next few days and may enter a bullish swing trade if I like the setup. What I will be looking for is a bounce one more time off of the 100 SMA. For the most part, I usually only focus on pure price action when determining whether or not to enter a trade but when looking at the fundamentals for VLO combined with the recent pullback I believe VLO is also undervalued at the current price, which could be a catalyst for a move to the upside. To be clear I am not suggesting that anyone should initiate a long trade on VLO tomorrow but should keep VLO on your radar and watch for a possible bullish setup.
NYSE:VLOLong
by Bigsky_Crypto