VLO: Ascending Triangle, Not confirmed (54,83%)(28/1000)
(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 above 50 and ascending
5- 50MA ascending
6- RS above 0 and ascending
Cons:
1- 200MA flat
2- 50MA is NOT above 200MA
3- ATR flat, less volatility
Target price is 224,89$
Stay humble, have fun, make money!
MAAX!
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 above 50 and ascending
5- 50MA ascending
6- RS above 0 and ascending
Cons:
1- 200MA flat
2- 50MA is NOT above 200MA
3- ATR flat, less volatility
Target price is 224,89$
Stay humble, have fun, make money!
MAAX!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.