PT Vale is looking ready for another swing at breaking the $19 resistance set by a monthly trend line.
Just doing some random charting. noticed the last time we had a close like this, 2 full, equally sized candles on the daily above the local fib level, was before the last big run up from ~10.75-17. What if?
big downtrend resistance, i dont expect vale to dump here but i think it could consolidate for a bit. maybe 2-3 months of sideways then we actually break past resistance and over 20+. paytience will pay! but you have to give this one time. leave a like/follow if you enjoy my ideas <3
This one is a super longterm opportunity, you ask why??? It does not matter which EV company you are investing in the next 5-7 years, they all need Nickel for the batteries of their product and Vale is the biggest Nickel producer in the world..! IMO: When fundamental does supports the technical, there will be little room for doubt..! Buy the corrections in this...
Breaking out expect some resistance near 20s but potentially a power run through these levels before coming back down a bit to consolidate NYSE:VALE
$VALE PT 44 by 5/06/2021-11/30/2022 Thinking PT 40 by end of Aug Multi-leg: 1) Calls 25 Mar 19th 2021 Return +1,100% 2) Calls 25 Jun 18th 2021 Return +6,233% 3) Calls 25 Jan 21st 2022 Return +2,271%
Nickel. Will be needed. As the world races to build energy efficient cars, they will need that juice aka batteries. Going to visit God with this one with how high it will go.
great breakout from small trend channel, congrats to those who enter before the big breakout! one more downtrend coming into play around 20, if this breaks we can see 30+ or even a new all time high in 2021 ! goodluck <3
$VALE PT 44 by 5/06/2021-11/30/2022 Thinking PT 40 by end of Aug Multi-leg: 1) Calls 25 Jun 18th 2021 Return +6,233% 2) Calls 25 Jan 21st 2022 Return +2,271% Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Ferrous...
VALE ON NM Our contribution calmed to the highest possible summit and continues to rise to When the resistance line is in contact, it stops dropping until contact is made This line of support must be purchased with good market monitoring The latter also knows very large volumes of buyers and liquidity Find strong
One of the top mining companies along with BHP and Rio Tinto, #VALE is benefiting from higher than many expected steel prices. Move up though looks somewhat overstretched by now, formed a divergence with RSi and is not supported by volumes. A healthy correction to $14,75 (Fibo level) would be logical.
Notice 4 month flat top broadening pattern for VALE from July to November Resistance line was set to 12 VALE quickly ramped up from 11/02 to 11/09 as a reminder that something big was going to happen soon. So, it was the time to prepare and watch the pullback Shallow pullback 11/13 and 11/16 at 11.5 was a final reminder that VALE was ready to rally above...
i was looking for the channel to break but i missed it :( congrats to those who got in! i think this is still a great longterm play im looking for a dip buy on leaps around 14 if it can get there. gl :)
I don't know if it'll replicate a move to ATH but a move higher is definitely in play given a breakout.
November was a great month for the long suffering investors in VALE, eventually that horrible 12 year downtrend broken. Near term gains now depend on breaking above the 200ma on monthly chart. Next major target is $18.00 where Fibs and horizontal resistance will come into play.
- 11/17 VALE broke out 12 from ascending base