Valero Energy Trading Analysis (14/12/2023)

The trend is ascending. The stock is traded in the range between 365 and 135 moving averages. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator. The pivot 2 of the wave C of the downward structure is truncated.



Trading idea:

Buy at the formation of the ascending wave structure.

Stop-Loss at 119.81.

Target price levels at 133.00 and 148.00.

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