Nov. 13 at 1:14 AM
$VLO is currently experiencing strong momentum with a last close at
$181.69 and an RSI of 73.62, indicating it is in overbought territory. The price is above both the 30-day moving average (MA30) of
$166.73 and the 50-day moving average (MA50) of
$165.44, suggesting a bullish trend. However, the high of
$182.99 within the last 60 days indicates potential resistance, while the low of
$136.87 provides a solid support level.
Directional bias leans towards a potential pullback due to the high RSI, which may lead to profit-taking. Suggested entry could be around
$179.50 if a pullback occurs. Set a stop loss at
$177.00 to manage risk. Target 1 can be set at the recent high of
$182.99, while Target 2 can be positioned at
$185.00, allowing for a potential breakout.
Monitor market conditions closely, as volatility (ATR of 5.75) may impact price movements.
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