Valero Trading Analysis (07/05/2025)
The trend is descending. The stock is trading in the range between 365 and 135 ЕМАs. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the overbought condition.
Trade idea:
- Sell at the beginning of the formation of the descending wave structure, when wave A breaks the sloping channel of the ascending wave structure.
- Stop-loss at 121.00.
- Price targets at 106.80 and 102.50.
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