VLO has been developing a nice cup-with-handle pattern and looks
ready to breakout. I'm using longer dated options for this
play.
Here's a 30% incline rise to a cup with handle. You can see this
in the weekly chart. The cup's been developing for 6-7weeks and has
pulled back with a small handle for about a week now. The first
target for this is $35.00.
VLO cup with handle
Posted by klatuu on 5th of Apr 2011 at 02:49 pm
3rd time's a charm.
VLO has been developing a nice cup-with-handle pattern and looks ready to breakout. I'm using longer dated options for this play.
Here's a 30% incline rise to a cup with handle. You can see this in the weekly chart. The cup's been developing for 6-7weeks and has pulled back with a small handle for about a week now. The first target for this is $35.00.
Try these two links:
link_one
link_two
Let me know if you can't see them.
Klatuu