VLO to $124

٢٠ ديسمبر

My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.

So...

Here's why I'm picking this symbol to do the thing.

Price at bottom of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative and at bottom of Bollinger Band
Price near 1.618 Fibonacci level
Entry at $118.75
Target is $124 or channel top