VLO bounced today from the anchored VWAP support level (green line) with a +1.41% move and closed at $136.94. The stock has been in a short-term downtrend since its July highs near $152, but today’s action shows a bullish defense of the mid-term VWAP and potential start of a reversal.
Volume (1.3M) remains below average (3.11M), so confirmation is still lacking — but the structure is improving. A move above $138–139 could attract further momentum toward $141–143, which aligns with the red VWAP and short-term resistance.
Indicators used:
Anchored VWAP (support zone defended)
Volume vs. Volume MA (subdued, needs pickup)
Price structure (retest and bounce off key support)
Entry idea: Long above $138 with strength
Target: $141–143
Stop: Below $133 or a close under VWAP
Volume (1.3M) remains below average (3.11M), so confirmation is still lacking — but the structure is improving. A move above $138–139 could attract further momentum toward $141–143, which aligns with the red VWAP and short-term resistance.
Indicators used:
Anchored VWAP (support zone defended)
Volume vs. Volume MA (subdued, needs pickup)
Price structure (retest and bounce off key support)
Entry idea: Long above $138 with strength
Target: $141–143
Stop: Below $133 or a close under VWAP
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.