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Sep 22, 2023 5:14 PM

$VLO Pierce Double Top  Short

Valero Energy CorporationNYSE

Description

NYSE:VLO has exhibited a Pierced Double Top pattern and subsequently retraced. For traders considering this position, it's crucial to note that a weekly close above the established horizontal resistance line will serve as a stop-out level. As always, we emphasize the importance of entering a trade with predefined targets in mind to optimize risk management."
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