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Vistra (VST) should find buyers in support zone

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.

VST favors corrective pullback against March-2020 low in weekly. It expects to remain supported from extreme areas in correction to turn higher or at least 3 swing bounce against $67.65.

VST – Elliott Wave latest daily view

VST

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 placed III at $168.67 high in November-2024 & 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 started correcting lower in (II) against March-2020 low & expect to find support between $109.32 – $67.65 area to turn higher. It placed a at $132.59 low & b at $176.49 high. Below there, it favors downside in c to finish (II). It placed ((1)) at $156.28 low, ((2)) at $176.36 high &favors downside in ((3)) of c. It expects few more lows within daily extreme area to finish (II) before it rally in (III). We like to remain long from blue box area against $67.65 low. Alternatively, the bounce can be connector before unfolding double three correction in (II) against March-2020 low.

Author

Elliott Wave Forecast Team

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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