Traders should now look for long-biased trades in Vaalco Energy if it manages to clear that downtrend line that will trigger over $2.40 to $2.50 a share and then above $2.68 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action 1.62 million shares. If that breakout gets started soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels $3 to $3.37 a share, or even $4 to $4.50 a share.