NYSE:VLO
The daily candles of the past 4 days show weakness and rejection.
AMEX:XLE - at a major supply zone too.
I'd expect a retracement of either:
▹ 0.382 Fib at 159 ➳ new HL.
or
▹ 0.618 Fib at 151.
Daily chart:
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
I´m expecting a bullish action today, because price is at important level. If you have decided to trade, don´t enter blindly on the entry line. Trade the reaction, not the action. Monitor the reaction on the lower TF like 5M-15M. Wish you good luck.
Valero Energy Corporation is an American-based downstream petroleum company mostly involved in manufacturing and marketing transportation fuels, other petrochemical products, and power. It is headquartered in San Antonio, Texas, United States.
Short base, with potential break. Also note the elevated volume during yesterday's session.
Thesis:
This is a trade made by Senator Thomas Carper last month. Upon reviewing and doing my research, it seems the volume of one of the pipelines in the gulf of Mexico controlled by Valero Energy has has a significant increase in volume. Looks like a bullish year ahead for Valero!
Here are the levels I will be interested in.
Please note that this is a...
Encompass Capital Advisors LLC bought a new position in Valero Energy Co. (NYSE:VLO) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 150,000 shares of the oil and gas company's stock, valued at approximately $17,595,000.
Refiners, transporters surge: Niche energy markets defy oil slump
Other large...
Jim Simons said:
"We have three criteria: If it's publicly traded, liquid and amenable to modeling, we trade it."
This quote is from an interview with Simons in 2000. The three criteria he mentioned are the basic requirements for any asset that Renaissance Technologies would consider trading.
Publicly traded means that the asset can be bought and sold on a...
Oil refiner Valero Energy fell sharply in recent weeks, but dip buyers may see opportunities.
The first pattern on today’s chart is the price area between about $126 and $130. VLO chopped at these levels in August before surging to an all-time high in September. It’s holding that zone again, which may suggest it’s become support.
Second, the price area matches...
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."
(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...
Valuation: VLO is currently trading at a price-to-earnings (P/E) ratio of 4.3x, which is below the industry average of 15.9x. This suggests that the stock is undervalued. VLO's price-to-book (P/B) ratio is also 1.1x, which is below the industry average of 1.4x. This suggests that the stock is also undervalued on a book value basis.
Profitability: VLO has a strong...
🐂 Trade Idea: Long - VLO
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout / Option
🔍 Entry: +/- 116.75
🐿 DCA: No
😫 Stop-Loss: 107.99
🎯 Take-Profit #1: 127.09 (75%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look....
The range has not yet be passed through. But the channel is directed upward so that the range may be broken within the next days or even hours(I expect Monday or Tuesday). Until then we may rise with little steps.
Since the 16th December 2019 we've got a strong support level. It had been reached at 1st May again and held up to now. A test of the low of 13th March seems likely but one should have in mind that we are still sticking in the range with the low of the 5th of December 2022.
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 113/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
