Valero Energy Trading Analysis (06/05/2024)

The trend is ascending. The stock is traded in the range between 365 and 135 moving averages. The downward inner truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the breach of 157.90.

Stop-Loss at 154.50.

Target price levels at 162.50 and 168.50.

#valero #stock #tradersroom #daytradingpatterns #forexexpertadvisor