Dec. 15 at 5:54 AM
Actionable Trade Alert for
$VLO:
Market Context:
$VLO is currently trading at
$168.3, below both the 30-day MA of
$175.52 and the 50-day MA of
$170.84, indicating a bearish trend. The RSI at 39.6 suggests that the stock is nearing oversold conditions, which could lead to a potential reversal.
Directional Bias: Given the proximity to the 60-day low of
$155.29 and the bearish sentiment reflected in the MAs, we anticipate a short-term bounce back towards the upper range.
Trade Plan:
- Suggested Entry:
$168.3
- Stop Loss:
$162.0 (approximately 3.5% below entry)
- Take Profit Targets:
1. TP1:
$175.0 (targeting a 4.2% gain)
2. TP2:
$180.0 (targeting a 6.9% gain)
3. TP3:
$197.0 (targeting a 17.0% gain)
With the ATR at 5.09, this range is achievable within the next trading sessions. Monitor price action closely for adjustments.
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