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VALERO ENERGY CORP COM STK USD0.01VALERO ENERGY CORP COM STK USD0.01VALERO ENERGY CORP COM STK USD0.01

VALERO ENERGY CORP COM STK USD0.01

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0LK6 trade ideas

$VLO Long after breakout Analysis: After a month and a half of straight down hammers, $VLO has finally reached support along the lower trendline. Earnings are coming up quick on 7/26 and could be the catalyst that drives this ticker back up towards the average analyst price target of $122 per share. What I see : 1. RSI is riding support along the lower end of its range 2. Slight uptick in RSI seems to have broken the recent downtrend 3. Fibinaci retracement from the high down to 61 level 3. Price at support along the lower red trendline Conclusion? I'll buy into VLO with a small position if the price breaks out of the current downtrend. If earnings are decent I'll add to the position.
NYSE:VLOLong
by gingerheadtrader
1
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