motleifaul

Bottoming at Strong Support

Long
motleifaul Updated   
NYSE:VLO   Valero Energy Corporation
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.
Trade closed: target reached:
I am sorry to say that I have closed the position already with a good intraday profit. As we have not managed the outbreak out of the range mentioned above I remain still bullish on this stock but will watch out for a clearer signal that the price is able to gather momentum.
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