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SpecialeAnalysis
Apr 1, 2022 12:02 AM

VLO confirms breakout Long

NYSE:VLO1D
Valero Energy CorporationNYSE

Description

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Valero Energy Corporation (VLO) had offered a confirmation to buy upon a recent breakout.

I've indicated my confirmed entry area, stop loss (risk control) and target for profit taking.

While selling hit the broader market today, this stock continued to rally and hold its own.

Time will tell as it always does, I'm looking forward to seeing how this one plays out!
Trend AnalysisChart PatternsBeyond Technical Analysis
Comments
babakcrew
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@SpecialeAnalysis Thanks for your analysis! Where do you think VLO is heading next?
SpecialeAnalysis
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@babakcrew, I'd have my stop loss in the profit @ $100 at this point in time. It looks to have rolled over short of the intended target. No reason to allow this winning position to turn into a losing trade in my opinion.
babakcrew
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@SpecialAnalysis Thanks for your analysis! Where do you think VLO is heading next?
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