NYSE:VLO   VALERO ENERGY CORP
84 4 1
Potential AB=CD - closed near the low at the 50dma - if area doesn't hold that pattern is likely in play

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Here happened again if you look the price turns up when a strong reversal to the upside appear at support (made by the past gap at 16th April opening) the reversal here is not totally clear but i think it does show the bullish intention of the market. Also think there are a 40% chances that the price break above the 57.50 because the price had shown some divergence. If it does fail to break above 59.77 or better yet the 57.59 then the sell pressure will be strong, can make the price break below the 50.64. Lets see. Hope don't be bugging you
+1 Reply
KLang 7pasos
I think your methods are different than mine. Hindsight is, of course, 20/20, isn't it?
+1 Reply
KLang 7pasos
By the way - missed my target by .10 - not bad
+1 Reply
Not bad at all!
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