2016-12-05-06_50_08-vdeAfter recent OPEC deal several energy stocks/ETFs are showing a breakaway gap. VDE is one of them. I have been watching VDE for quite some time while it was consolidating (refer image). Now it broke out of the channel with huge gap. I believe it will continue higher with a price target of 118.39- 120.00. With these kind of long channels, profit targets are previous long-term resistance levels.