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Valero (VLO) Ready To Break Higher From Bottoming Base

Valero (VLO) Ready To Break Higher From Bottoming Base

by | Aug 11, 2022 | Chart SetUps

Valero (VLO) shares forming an inverted bottoming base the past month right on top of long-term support at the YTD VWAP and 200 EMA zone near 100. A tight coiled squeeze pattern and staying above the 110 level which is top of monthly value can likely see a quick burst of upside to 120 and then 127 if it gets continuation to the untested VPOC.