VALE - American depositary shares.
Amazingly bullish setup. As soon as it tested the MA200 and the .618 of the previous uptrend, the buyers appeared. This is an absolute clear buy.
Three clear supports: Green: .618 Fibonacci Yellow: MA200 Red: Long time trend line
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Vale looks as though it's completing it's 4th Wave decline and should be heading upwards for the 5th Wave.
The Cycle Wave 5 top (and Supercycle Wave 1 top) was most probably on the week of the 14th of May 2018 (please reffer to related idea). NYSE:VALE now seems to be on an Intermediate Wave C which is part of the Cycle Wave A down. If this count is correct we should still expect Intermediate waves B and C. Only after Cycle Wave C, the last part of Supercycle Wave 2,...
I expect Brazilian strikes will last for +/- 2 weeks more. So all local stocks can down more. Expect VALE to down until $12,8-13,15... then BUY.
Facing possible resistance here, based on Fib extension.
Vale moves quite well and looks solid. 16.50 a final push seems to be perfectly within acceptable levels. Let's see how it develops.
VALE over-extended trading well above the 200 day moving average with significant PUT open interest. Rejected from the 1.618 fib line last week. Expecting a correction back to $11.70 support in the medium term.
Vale is currently benefiting from the rise in iron and copper ore over the last several months. The stock broke out back on 12/20 and ripped higher for weeks until the recent market volatility caught hold of it. However, even as the market as tanked Vale has held up relatively well, ~4.6% vs. ~8.8% drop for the S&P500. Look for the stock to shoot higher is the...
Planteamos hipotesis alcista en VALE siempre y cuando cierre la semana por arriba de los 11,7 usd. Objetivo desde lo tecnico los 16,5 usd por figura de triangulo ascendente y linea de tendencia principal. MACD en velas semanales y RSI apoyando la hipotesis alcista. Veremos que dice el mercado. (nunca considerar como recomendacion de compra/venta de...
A breakout could come in on this bad boy at some point... I would prefer the bullish break out
Wait for confirmation if this is a double top or may be an ascending triangle in formation