VLO: Ascending Triangle, Not confirmed (54,83%)(28/1000)

(28/1000)

Ascending Triangle for VLO on the daily chart.
Not confirmed
Possible 54,83% gains.

Valero follows the SPN (energy sector, chart on right).
Energy sector is building into an ascending triangle (not confirmed) with a possible 41,62% gain.

VLO analysis:

Pros:

1- Bullish Ascending triangle
3- PPS above 50MA and 200MA
3- R/R ratio above 5
4- 250RSI above 50 and ascending
5- 50MA ascending
6- RS above 0 and ascending

Cons:

1- 200MA flat
2- 50MA is NOT above 200MA
3- ATR flat, less volatility

Target price is 224,89$

Stay humble, have fun, make money!

MAAX!