Today we will analyze the stock VALERO ENERGY (VLO.MX) for internet stock trading in the MX stock market,
Stock Technical indicators to notice in VALERO ENERGY (VLO.MX)
1- Last bearish trend was from 690.73 $ (1/30/2014) to 621.66 $ (2/5/2014) a 69.07 $ move 2- The current bullish trend started from 621.66 $ at 2/5/2014 and is currently trading at 705.60 $.
3- VLO.MX current support level is at 690.73 which is the 100.00 % fibonacci retracement of the last 69.07 $ move.
4- VLO.MX current resistance level is at 709.52 which is the 127.20 % fibonacci retracement of the last 69.07 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
VALERO ENERGY (VLO.MX) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 690.730 that failed, and formed a support .
7- The Stock was resisted by a resistance line, identified by two points: 690.730 and 693.940 that was broken up at 694.180 transforming into a supporting line.
VALERO ENERGY (VLO.MX) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 621.660 and 440.630,resistance between 696.710 and 495.010, the stock channel is currently supported from below by 664.585 and resisted from above by 781.294.
VALERO ENERGY (VLO.MX) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 621.660 and 440.630,resistance between 696.710 and 495.010, the stock channel is currently supported from below by 664.585 and resisted from above by 781.294.

Stock Trading Conclusion:
VALERO ENERGY (VLO.MX) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 709.52, 733.42.
Stock Support levels : 690.73, 685.79, 678.35, 673.53, 664.35, 663.63, 656.19, 653.73, 648.04, 637.96, 621.66,.