VST is overbought post-DOE loan; wait for breakout above $164.32 and subsequent reversal to balance RSI for entry.

The next one is VST. Now, the Department of Energy has offered a conditional loan of $4.2 billion to help them build their own energy supply. Therefore, VST stock achieved a strong and significant boost today with an increase of 10.77%.

Note that since last January, we have actually been trending downwards on the chart. Yes, you can distinguish a few different head and shoulder patterns, but they are not the most obvious.

Instead, I focus on the descending neckline that clearly limited the price rise in these numerous attempts, as you can see here on the chart in July. You see here in this last section that dates back to June of this year.

This axis originates from the month of January. So, where is that value that must be surpassed in tomorrow's price movement ? It is at $164.32. This is the key level for a near-term breakout of VST stock.

Now, they have received government support . The stock is currently in an "overbought" position . Therefore, you would like to see a breakout followed by a price reversal, to stabilize and balance the Relative Strength Index (RSI), thus providing a buying opportunity at this trend line.

Okay, let's go back to the VST charts. We clearly state that this is the line that must be monitored. $164.20 for a near-term breakout in VST.