(28/1000)
Ascending Triangle for VLO on the daily chart.
Not confirmed
Possible 54,83% gains.
Valero follows the SPN (energy sector, chart on right).
Energy sector is building into an ascending triangle (not confirmed) with a possible 41,62% gain.
VLO analysis:
Pros:
1- Bullish Ascending triangle
3- PPS above 50MA and 200MA
3- R/R ratio above 5
4- 250RSI above 50 and ascending
5- 50MA ascending
6- RS above 0 and ascending
Cons:
1- 200MA flat
2- 50MA is NOT above 200MA
3- ATR flat, less volatility
Target price is 224,89$
Stay humble, have fun, make money!
MAAX!
Ascending Triangle for VLO on the daily chart.
Not confirmed
Possible 54,83% gains.
Valero follows the SPN (energy sector, chart on right).
Energy sector is building into an ascending triangle (not confirmed) with a possible 41,62% gain.
VLO analysis:
Pros:
1- Bullish Ascending triangle
3- PPS above 50MA and 200MA
3- R/R ratio above 5
4- 250RSI above 50 and ascending
5- 50MA ascending
6- RS above 0 and ascending
Cons:
1- 200MA flat
2- 50MA is NOT above 200MA
3- ATR flat, less volatility
Target price is 224,89$
Stay humble, have fun, make money!
MAAX!