Vale is the largest producer of iron ore and pellets and the largest nickel producer. Vale also produces copper, coal, copper, manganese, and ferroalloys and holds equity stakes in some steel producers/projects. P/E:3.55 Dividend Yield: 9.62% I think at these prices Vale has its own buyers with long-term views and it is very unlikely to see Vale below 10...
vale is on the verge of completing its initial 5 waves down into Wave A. look to pick it up at $16.80, with a price target for the mean retracement (wave B) at $20.71 ---- note, corrections come in 3's, so this 5 waves down from the local peak is counted as Wave A, followed by Wave B, and then the final flush for Wave C into the local golden zone. Once that...
NYSE:VALE tried to go up five times and will not break through. Now it looks like it is about to fall off a cliff.
A quick overall look at $VALE. Very clear wave structure from a technical perspective - looks like a wave 3 of a Supercycle is happening. Solid financial sheets. Low P/E ratio. 5% dividends. Overall an S-tier stock. Still, be considerate when entering a trading position as there may be short-term pullbacks possible (latest 5 wave up move and forming an...
So the technicals are great, excellent uptrend with the price above its MAs and now formming a third base in which I'm waiting for the breakout to enter a position. The pattern is accompanied by low volume, that's good too. Also, is leading its sector. Very strong realtive strength against the Steel ETF AMEX:SLX , which has a 17% allocation of the stock. Today...
The ideas behind this portfolio are: 1- Benefiting from possible 6 trillion dollars infrastructure bill. 2- Being properly hedged using commodities. 3- Having exposure to the Tourism industry, apparel, and increased demand for gas in post-pandemic era. My recommended asset allocation: 50% stock: 25% cash: 25% Gold: 0 Cryptocurrency NYSE:VALE NYSE:RIO ...
Are we done in VALE? RSI reloading fast Please like and share if you appreciate this market update. We are algo traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding the Elliott Wave Principle! Cryptos are updated...
NYSE:VALE Good movement on long term picture. Broke through the descending channel, and broke through ascending channel also. AS a scenario can see to re-test upper line (near 19-20) of ascending channel and grow as hell after that.
The chart looks to complete a 5 way structure up to a target around $24. If this is a wave 1 --> see (i), in a bigger 5 way structure we should see a correction for the second wave --> see (ii). The 2nd wave correction often goest to the 0.618 fibonacci of the first wave. This is no financial advise, just my view of this chart. Also I'm new to publishing...
NYSE:VALE Possible Scenario: SHORT Evidence: Price Action, Daily and weekly bearish candlestick, There is a gap that should be fill around 17$ TP1~ 17.5 PUT options, Strike 17$, 07/19/21 This is my idea and could be wrong 100%,
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Commodity markets are 20 to 25-year cycles. When commodities are at their lows relative to the S&P500, it is usually an opportunity of a lifetime. VALE is a great example of a base metals producer that will do incredibly well in the coming years. It also pays 8% dividend. Combine an increasing share price with a high dividend and you've got a stock you can't...
DXY will have to cooperate of course. Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks & ETFs, cryptos, and commodities, in weekly, daily and 4-hour timeframes. Cryptos are updated every day of the week and on Saturday, if necessary. Traditional assets are updated on...
Please like and share if you appreciate this Elliott wave update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks & ETFs, cryptos, and commodities, in weekly, daily and 4-hour timeframes. Cryptos are updated every day of the week and on Saturday, if necessary. Traditional assets are updated on Monday, Tuesday, Wednesday and...
Please like and share if you appreciate this Elliott wave update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks & ETFs, cryptos, and commodities, in weekly, daily and 4-hour timeframes. Cryptos are updated every day of the week and on Saturday, if necessary. Traditional assets are updated on Monday, Tuesday, Wednesday and...