Valero Trading Analysis (15/11/2024)
The trend is down. The stock trades in a range between 365 and 135 EMAs. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator and the Stochastic Oscillator's moving averages are out of the overbought condition.
Trading idea:
- Sell at the beginning of the formation of the descending wave structure where wave A breaks the sloping channel of the ascending truncated structure.
- Stop-loss at 140.80.
- Price targets at 135.80 and 127.63.
#valero #stock #tradersroom #daytradingpatterns #forexexpertadvisor
