VLOE34 trade ideas
LONG or SHORT ???Break out at Key lev. ( 57.50 ) , we can see our price take 1° Target = 66$ and 2°Target price at All Time HIGHER lev. 73$.
If not, we can see Head & Shoulder head and shoulders completely finished and technical rebound on the neck line
VALERO ENERGY CORP: triangle power?Signals:
1-Double bottom
2-Triangle with oncoming breakout
3-Oncoming breakout of inclines resistance
Buy 54.90-55.30
Stop-loss 53.76
Target 60.00
Valero Corrective With a Sell SetupWe have been watching the us energy stocks . This stock is different as most of the others have been in a corrective structure since the start of the year, following oil. As you can see from the chart VLO has been falling since the end of March.
As with the others it is still in a corrective structure right now (though only since July) so it makes a good candidate to watch for some more down.
We will wait for it to break down through the lower trend line and then watch on a lower time frame for a retest and rejection or conslidation before shorting
VLO breaks downPrice of VLO has broken down through support of the rising channel it has been in since 2013 and broke through the support at 52 caused by previous lows. A cautious trader could wait till the end of the day to see if this candle closes below support.
VLO broke down out of rising channel Price of VLO has broken down out of rising channel. While a major drop has not taken place, this could indicate a larger shift in trend beginning a bearish market cycle. Watch key support at 52 and the 200 MA for confirmation of new bear trend.
VLO. :-) Using Fib/Cloud/ and BB :-) how will price react?:-) weaker than most of it's counterparts. yellow line sl.
VLO trend line supportholding the long-term trend and has made higher high on the daily since the bounce off trendline.
VLO Short Trade IdeaAfter the previous 2 high volume days, VLO has made new highs. However, it did not close with a strong candlestick above the resistance and instead put in a doji. With this location it is setting up a nice Risk vs Reward trade for the short side. Previous resistance will be the 1st profit target and will be moving up the stop loss if the trade goes in my favor.
Quant Model Indicates 20-day Upside in VLOOur 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 indicators:
Undervalued on revenue, earnings, book value, and free cash flow basis
Strong price momentum
Excellent profitability & earnings growth
VLOThis is nothing more than an exercise as there is so much going on here, I wanted to post it so I could come back later and see how it resolved.
In ORANGE is a H/S pattern that back tested the neckline before finally hitting target. In BLUE is a larger H/S pattern which violated the neckline, but which could very well still be in play. The target of the BLUE H/S is near the target of the CRAB. However, price just completed a pretty tight Gartley and has reversed.
The overall formation (GREEN DASHED) could be a falling wedge. Lots of conflicting ideas on this weekly chart, should be interesting to see how it unfolds.
VLO Long from 46--PT of 52.50Took a long position via DEC calls above 46.45 (0.5 retrace) with a short term target of 52.50 (breakout/breakdown point) of this weekly view.
VLOWe got a rising divergence in the MACD and a rising Money Flow with new highs every day now. This makes me assume that the rate is going to fill the gap from 2014-06-15.
VLO potential Bullish breakAssuming we close above 54.05, I like a short term target of between 55.70 and 56.80. Ultimate target is 58.49.
Traders Eye a Steep SlideOption Brief: Not even an overnight price-target hike at Imperial Capital can save Valero Energy Corporation (NYSE:VLO) today, as refiners take a sector-wide hit. At last check, the stock was off about 1%, and put volume had soared to six times the average intraday pace. Against this increased demand for options, VLO's 30-day, at-the-money implied volatility (IV) has jumped 5.9% to 38.3%.
The most active strike thus far is the stock's March 41 put, where 9,647 contracts have changed hands. The lion's share of the volume crossed in one fell swoop, as a block of 8,824 contracts traded earlier this morning above the ask price for $0.57. IV jumped 3.4 percentage points on the transaction, and only 569 contracts make up open interest here. In other words, it appears this speculator is betting on a steep pullback over the next six-plus weeks.
On the technical front, Valero Energy Corporation (NYSE:VLO) has performed well in recent months, with the shares up nearly 46% from their early Oct. low of $33.20. In light of this, perhaps today's deep out-of-the-money put buyer is a shareholder protecting her portfolio against any additional downside. Heading into the final hour of the session, VLO is trading at $48.40.
Introducing LarkBars & LarkValue, two custom scriptsBoth indicators are designed to find tops and bottoms, both work on all time frames, and the important values are configurable.
• LarkBars plot support and resistance lines _in real time_. These can be used as current turning points when they trigger (should be combine with other indicators), or show past areas of support / resistance.
• LarkValue attempts to show value ares of price movement, marked in green. This can be used as a trigger to get into something, or hold off. Overlaid are two STO lengths, which can be used to watch divergence, or otherwise.
These two scripts are currently private, reworking some of the code.
