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VALERO ENERGY CORP COM STK USD0.01VV

VALERO ENERGY CORP COM STK USD0.01

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0LK6 trade ideas

VLO Bullish Sweep $2M in premium traded for $80 Calls June 18thNYSE:VLO $2M in premium traded for $80 strike calls for Friday June 18th 2021 expiration traded today. Unusual Activity for $80 calls about 10,000 contracts traded around 10.25pm @ approx $1.70 (Above Open interest of only 4657) Volume 23K Plug power earnings date is 04/22/2021 Thursday Bounced off 50 EMA multiple times showing good downside support. CCI is also trending up going from bearish to bullish. 2 Months time on these options I would recommend a vertical spread to keep theta at bay especially after earnings when IV will drop reducing the price of the options if you expect to hold this past earning. The stock dose have the tendency to fall after earnings most of the times and rally after. I would wait for confirmation of break of the $73.95 level and possibly a close above this level to start a position. Got multiple mentions on CNBC today and has already traded up with some volume coming in. Support 50 EMA $70.95 Resistance $73.80 Target 75.21, 77.03, 78.22, 81.33 SL close below 50 EMA Follow more unusual activity signup for a free trial using my referral link marketaction.live Please let me know in the comment if you find this useful.
NLong
by marketaction_live
1
If it breaks or if it not.Just an observation and not a recommendation. On weekly the price is approaching to MA200 and strong downtrend resistance. There are many "if" but if it breaks, if global demand of energy increase, if treasurers, if inflation, if whole market, than possible 'long" based on measured move. If not than possible reveres and "short" based on measured move. RSI on daily is overbought, on weekly it's approaching the reversal level like in november 2019, but if it breakout there is some space to go up and retest broken level.
N
by higherhigh_
2
A Valero FakedownFirst 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 formation. I believe this is a "fakedown." Rather than continue to collapse (as it has done numerous times in the past) instead it will either gap up or fly up several dollars close to Monday's open. Such strange price action should catch quite a few investors off guard. That's the stock market for ya. My reasoning: The recent deep gully since January has caused most potential sellers to sell in fear. What's left are hungry buyers who missed the correction and skittish sellers looking to take profit. Buying now may seem odd, especially given Valero's long-term downward trend, but oil prices have been anything but bearish and Valero is well-positioned to capitalize on that rally. Though prices may come back down in the next few days after this prediction, I believe Valero's future price will not disappoint. I will be keeping an eye on this today and make another Idea if it pans out on Monday. Conflict of interest notice: I sold Valero calls earlier today and will be buying new calls EOD if Valero is close to the predicted price.
NLong
by Mekronid
Valero Breaks Downtrend as Reopening Trade ContinuesThe reopening trade remains in full swing as buyers target cyclical companies with low valuations. Valero Energy could be a name to watch. The oil-refinery stock has a few interesting chart patterns. First is the downward-sloping trend line in place since early 2020. VLO broke it in November and has remained above it since. Meanwhile, its 50-day simple moving average (SMA) is about to rise above the 200-day SMA – a looming golden cross chart pattern. Third, the current price zone between $59 and $60 has a lot of historical importance. It was resistance in May 2014, then support in December 2016 and June 2017. The price area was relevant again in May and July of 2020. Next, MACD and the 200-day SMA are both rising. (This chart features our MA speed custom script .) Finally, VLO has squeezed into a tight price range as it fights $60. Notice how Bollinger Band Width is the narrowest since early September. Taken together, these patterns could suggest VLO has spent weeks breaking its longer-term downtrend. It’s consolidated for a month, so now could be the time for more lasting swing to the upside. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NLong
by TradeStation
BUY to VALERO ENERGY CORP DailyHey guys, VALERO ENERGY CORP is in a configuration fake with a shadow that knows formed by sellers and a low volume of purchases made. On the TIMEFRAME M1 we can see a shadow let sellers with a high volume of purchases exchanged it goes on the top of the cosolidation zone to test it. Big possibility of breaking out the price afterwards the zone to arrive in a new zone of consolidation. And get to the next high then close a bearish breakout gap in D1 with two highs passed on TIMEFRAME H1. Not enough force to reach half of the intermediate median of ANDREWS PICHTFORK. Please LIKE & FOLLOW, thank you!
NShort
by stephanelibatd