VLO has formed a base and is ready to resume an uptrend

Long

Valero Energy Corporation (NYSE:VLO)

Updated

NYSE:VLO Valero Energy Corporation

VLO has retraced 50% from the lows while putting in a bullish engulfing pattern on the daily. Expecting an uptrend for the rest of 2020.

Comment:

Remain cautious as macro conditions are fragile. Follow your trading plan.

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