Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF VLO exceeds yesterday's high of $124.08 during today's session.
Notice: this trading setup is based on higher oil prices in the coming months, because of the geopolitical tensions..!
Entry: 86-87
Stop loss: 75
Reward/Risk: 3.35
Target range: 127
Time Frame: 24 wks
Possible gain: 46%
Possible loss: 13.5%
Position size: 10% of trading capital
You can see the most important support(green line) and resistance (red line)...
I proved that there are opportunities in any market if you know how to find them.
Making money is always good, but making money based on a flawless Technical and Fundamental analysis when everyone else loses money is different..!
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If you want...
On March 7th, I published my very first analysis of Valero and A possible 46% opportunity in less than 6 months..!
After I publish my analysis for VLO on March 7th, 2022, and mentioned an opportunity to buy at the 86-87 level with a 46% gain in less than 6 months:
1- March 8th,2022:
- Bank of America added VLO to the US1 list and adjusted its target price to...
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!
Technical: breaking above 52 weeks high will open a new horizon for further increase in price..!
Fundamental: Crack spread is now twice more than average of the Q4,2021..!
I am confident Valero will make more money in Q1 2022 than all four quarters of 2021 combined.
there will be a huge gap in price after the next earnings..!
Best,
Dr. Moshkelgosha...
Valero Energy operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. The company was founded in 1955 and is based in San Antonio, Texas.
Weekly averages of 8 and 20 periods crossing over, a good entry for highers...
What Is a Crack Spread?
A crack spread refers to the overall pricing difference between a barrel of crude oil and the petroleum products refined from it.
A crack spread is the overall pricing difference between a barrel of crude oil and the petroleum products refined from it.
The price of a barrel of crude oil and the prices of the different products derived...
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $87.89
Target Price: $90.47
Stop Loss: $83.58
💡💡#SIGNAL 💡💡
$VLO
▶️ Buy NOW + Block
🔴 SLT - 4h (Trigger)
#VLO_4h_070322
On 1D, the stop should be at $75. But at 4h there was an upward trend reversal, which makes it possible to open a deal with a shorter stop.
When I published my analysis on March 7th, the price was 86-87..! I mentioned a 46% opportunity in less than 6 months..!
2 Trading days after that,
Bank of America increase its price target for Valero from 107 to 135..!
I believe there will be an exceptional Q1 earning at the end of April..!
Best,
Dr . Moshkelgosha M.D
DISCLAIMER
I’m not a certified...
Price hit the resistance and pulled back (regardless that oil kept making new highs!!). I believe that price could still go down towards the uptrend line ! IF correct I will watch the price action at that level! Too early to buy in my opinion :)
