Valero (VLO) Ready To Break Higher From Bottoming Base
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.