I talk recovery. #OIL #CRUDE $CL #VLO. HOW OWNING A DIVIDEND...PAYING ARISTOCRAT CAN SET UP YOUR FAMILY FOR LIFE.
ALSO HOW WHERE IS OIL HEADED???
AND QUICKLY SCAN #GBPUSD #FX #eurusd
VLO trade ideas
Cup and Handle Earnings are 4-22 BMOMid Cup is 56.28
Cup depth is 41.67
Earnings this week.
No recommendation.
VLO is in a rectangle and hanging out on the handle. Breaking from the rectangle would be it's first task in my opinion, but this would also be a long entry to the cup and handle pattern as it is not there yet.
Lots of R overhead.
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
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ValeroLast time price got close to the gap zone, it fell away quickly.
This time, price can't be pushed away. If we chew up all the sell orders before running out of bullish momentum we should break right through the gap zone.
The energy sector has been strong and should help pull it up. See the strong correlation to oil prices at the bottom of the chart.
If it breaks or if it not.Just an observation and not a recommendation.
On weekly the price is approaching to MA200 and strong downtrend resistance. There are many "if" but if it breaks, if global demand of energy increase, if treasurers, if inflation, if whole market, than possible 'long" based on measured move. If not than possible reveres and "short" based on measured move.
RSI on daily is overbought, on weekly it's approaching the reversal level like in november 2019, but if it breakout there is some space to go up and retest broken level.
A Valero FakedownFirst off, sorry for the odd orange lines, I couldn't make the chart 5 minute resolution for this one-day prediction. Instead I tried to predict where the most trading would commence for a given 15 minute timeframe by overlapping transparent lines on the 5 minute chart.
The basic premise is that Valero will end the day in the red after making a semi-H&S formation. I believe this is a "fakedown." Rather than continue to collapse (as it has done numerous times in the past) instead it will either gap up or fly up several dollars close to Monday's open. Such strange price action should catch quite a few investors off guard. That's the stock market for ya.
My reasoning: The recent deep gully since January has caused most potential sellers to sell in fear. What's left are hungry buyers who missed the correction and skittish sellers looking to take profit. Buying now may seem odd, especially given Valero's long-term downward trend, but oil prices have been anything but bearish and Valero is well-positioned to capitalize on that rally. Though prices may come back down in the next few days after this prediction, I believe Valero's future price will not disappoint. I will be keeping an eye on this today and make another Idea if it pans out on Monday.
Conflict of interest notice: I sold Valero calls earlier today and will be buying new calls EOD if Valero is close to the predicted price.
$VLO | Bullish Ascending Triangle: Watch For A Breakout$VLO has been consolidating within a bullish ascending triangle for the past couple of months.
Watch for a breakout for upside continuation. Targeting $68
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Good luck!
Valero (VLO)Interesting setup in VLO. If VLO can break above its near term resistance of $62 then we think it can go back up to $77.
Valero Breaks Downtrend as Reopening Trade ContinuesThe reopening trade remains in full swing as buyers target cyclical companies with low valuations. Valero Energy could be a name to watch.
The oil-refinery stock has a few interesting chart patterns. First is the downward-sloping trend line in place since early 2020. VLO broke it in November and has remained above it since.
Meanwhile, its 50-day simple moving average (SMA) is about to rise above the 200-day SMA – a looming golden cross chart pattern.
Third, the current price zone between $59 and $60 has a lot of historical importance. It was resistance in May 2014, then support in December 2016 and June 2017. The price area was relevant again in May and July of 2020.
Next, MACD and the 200-day SMA are both rising. (This chart features our MA speed custom script .)
Finally, VLO has squeezed into a tight price range as it fights $60. Notice how Bollinger Band Width is the narrowest since early September.
Taken together, these patterns could suggest VLO has spent weeks breaking its longer-term downtrend. It’s consolidated for a month, so now could be the time for more lasting swing to the upside.
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BUY to VALERO ENERGY CORP DailyHey guys, VALERO ENERGY CORP is in a configuration fake with a shadow that knows formed by sellers and a low volume of purchases made. On the TIMEFRAME M1 we can see a shadow let sellers with a high volume of purchases exchanged it goes on the top of the cosolidation zone to test it. Big possibility of breaking out the price afterwards the zone to arrive in a new zone of consolidation.
And get to the next high then close a bearish breakout gap in D1 with two highs passed on TIMEFRAME H1. Not enough force to reach half of the intermediate median of ANDREWS PICHTFORK.
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VLO LongMonthly Demand Zone
Daily trendline break
entry 40
stop 37
target 52
Reward:Risk =4:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
VLO - 4H - No patternValero approaches a possible interest zone on Fib .618 with Stoch overbought.
However, RSI and DMI show the expected range values confirmed by the price action of the last 60 days.
I have just set up a price alert at $58 to continue with the 4H analysis.
VLO to break out, target 72.00Break out from the descending wedge looks imminent, after weeks' consolidating in a tight range.
Current position: None (as already heavy in PSX)
Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
VLO has formed a base and is ready to resume an uptrendVLO has retraced 50% from the lows while putting in a bullish engulfing pattern on the daily. Expecting an uptrend for the rest of 2020.
