CoryMitchell-CMT

Possible Long Trade Setting Up in VLO

NYSE:VLO   Valero Energy Corporation
3
No trade taken yet. Would like to see a little false breakout below the triangle and then a rally back above 66.25 to trigger a long. With the price moving sideways for a good amount of time, there is a good chance of a false breakout before the price makes a bigger move higher...IF it makes a bigger move higher. I would rather wait to see if that false breakout occurs before taking a trade currently.

Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
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