Elliott Wave update: VST corrects in wave ((2)) before potential surge
|Vistra Corp., (VST) operates as an integrated retail electricity & power generation company in the United States. It operates through five segments like Retail, Texas, East, West & Asset Closure. It comes under Utilities sector & trades as “VST” ticker at NYSE.
As discussed in the previous article, VST favored rally in impulse ((1)) from April-2025 low. It ended ((1)) at $216.85 high above January-2025 high, confirmed bullish bias. Now, it is correcting in 3, 7 or 11 swings that offer buying set ups at extreme area.
VST – Elliott Wave latest daily view
In Weekly, it made all time low of $11.30 in March-2020. Above that it ended impulse sequence of (I) at $199.84 high in January-2025. Within (I), it placed I at $107.24 high in May-2024 & II at $66.50 low as 0.382 Fibonacci retracement in August-2024. It ended III at $168.67 high in November-2024 in clear 5 swings & IV at $131.64 low in December-2024. Within III, it placed ((1)) at $87.89 high, ((2)) at $72.90 low, ((3)) at $143.87 high, ((4)) at $111.50 low & ((5)) at 168.67 high. Above IV low, it placed V at $199.84 high as (I) impulse. Below $199.84 high, it corrected lower in (II), which ended in daily blue box area at $90.51 low.
VST – Elliott Wave view from 6.16.2025
Above $90.51 low, buyers got profitable ride in ((1)), which ended at $216.85 high as last update. Within ((1)), it placed (1) at $120.96, (2) at 103.34, (3) at $198.20, (4) as flat at $180.25 & (5) at $216.85 in diagonal. It broke above (I) high, confirmed bullish bias as the part of (III), which can extend in to $279.20 – $395.81. Below 8.05.2025 high of ((1)), it favors downside in (A) of ((2)) & expect one more push lower below $201.38 high. Later, it expects bounce in (B) in 3 or 7 swings against 8.05.2025 high followed by (C) down. We like to buy the pullback in extreme area of (C) against 4.07.2025 for next leg higher. If it failed to make a new low below 8.20.2025, then the bounce can be (X), while placed (W) at $183.85 low. In that case, we like to buy (Y) in extreme area in ((2)).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.