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VLO Looks Overdone

VLO has had a great run after its bull Flag breakout earlier this year (shown with brown lines) but now appears to be overextended.



click on image to enlarge



If you Measure the height of the flag channel you can see that the run has exceeded the standard measure for that height flag.


Trade well my friends

Alan





This post first appeared on The Stock Market Viewpoint, please read the originial post: here

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VLO Looks Overdone

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