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."
Looking at the VLO Valero Energy options chain ahead of earnings , I would buy the $143 strike price Calls with
2023-2-3 expiration date for about
$4.20 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Velas is the Fastest EVM/eBPF Hybrid Chain of Solana and EVM, and this way inherited the best from both: Up to 75 000 TPS, 1.2 - second finality, extremely low fees and EVM/Solidity support. And surely, if Velas is a new promising platform for DeFi applications, then of course an analog of DAI is needed in this space, given what it is for DeFi on Ethereum. It is...
Last time price got close to the gap zone, it fell away quickly.
This time, price can't be pushed away. If we chew up all the sell orders before running out of bullish momentum we should break right through the gap zone.
The energy sector has been strong and should help pull it up. See the strong correlation to oil prices at the bottom of the chart.
First off, sorry for the odd orange lines, I couldn't make the chart 5 minute resolution for this one-day prediction. Instead I tried to predict where the most trading would commence for a given 15 minute timeframe by overlapping transparent lines on the 5 minute chart.
The basic premise is that Valero will end the day in the red after making a semi-H&S...
Valero Energy has been consolidating since early December after a pullback. The support level from a prior high established back on April 25th continued to hold as the price is just starting to break out from the level established on November 2, 2018. A purple dotted line will mark where a previous break out attempt failed so all longs will want to see the price...
Good news could be coming with the earnings report according to chart analysis, MACD is at a historic low so it's unlikely the price can go much lower. Look out for confirmation of the uptrend.
I will be watching VLO over the next few days and may enter a bullish swing trade if I like the setup. What I will be looking for is a bounce one more time off of the 100 SMA. For the most part, I usually only focus on pure price action when determining whether or not to enter a trade but when looking at the fundamentals for VLO combined with the recent pullback I...
VLP could be in a large Triangle consolidation wave X.
The last wave E of Triangle is underway or complete.
It shouldn't break below wave C end at 38.89 (red line).
Target is at the 69 where Y=W.
Risk/Reward 1:15
I was long at $36 handle on Tuesday. I sold at $38.70 which it is straddling right now at the top of the fib retracement. MPC is outperforming other refiners today like VLO, HFC, PSX.
There is no technical support above $38.70. Either it breaks out to $50+ or rather I am looking to buy another dip below this fib line if there is no sustained upside support for...
Our academically-based quant models indicate that Valero is likely to perform strongly over the next 20 days:
Short term indicators:
Above 20-day, 50-day, 200-day moving averages
Close to 52-week high
Not that overbought
Our academically-based quant models also indicate that Valero is likely to perform strongly over the next 12 months:
Long term...
