This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
lovely higher lows and break of strong trend resistance area, may see a rally to 20s medium term.
some algo targets: www.tradingview.com
drop a boost and follow for more 💙
We are currently in a wedge on the Weekly Timeframe with a break of structure to the upisde. Monthly we are still strong Bullish and we just broke out a consolidation on the Daily Timeframe. We will be looking to scale in on our poistions at TP1 coming in at $18.59 and TP2 at $20.86
More updates coming on this Stock.
Brazilian mining stock Vale has lost about one-third of its value since the spring, but now it could be showing signs of a potential turnaround.
The first pattern on today’s chart is the falling trendline along the highs of April and June. VALE broke that resistance early this month and bounced above it last week.
Second, you have a low in mid-July, a lower low...
$VALE
Financed Vertical for 3/17/23 Expiration.
While we all wait to see which way the wind is blowing.
This would be an idea that would probably be best served using margin in a trading account for collateral, (as opposed to using $1,200 in cash).
$20 short call
$16 long call
---{share price: $14.42}---
$12 short put
$408 max profit @ share price >$20 at...
VALE has been consolidating for almost 3 months at a previous resistance. Now its preparing for a possible double bottom with a bullish divergence on both the RSI and MACD on the WEEKLY with higher relative volume over the past two weeks. VALE also has one of the highest open interests in the entire market especially for the OCT21 14,15 and 20 Dollar Calls. Yes,...
contracts with telsa for nickel supply and other larger companies should be a solid 4th qtr for vale. looking for about $15.50 to take profits on the oct 21 contracts.
Vale S.A., produces and sells iron ore and iron ore pellets for use as raw materials in the manufacture of steel in Brazil and internationally. The company operates through the Ferrous Minerals and Basic Metals segments.
The PEAD projected a Bullish outlook for $VALE after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 55.56%.
A bearish looking pattern amidst heavy inflation and stressful geopolitical turmoil.
Hitting resistance to head downward. This will eventually present a nice buying opportunity. Prescious metals will not stop being needed (even and sometimes especially during war times, too).
Best of luck all.
Leading diagonal in VALE?
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid...
The PEAD projected a Bullish outlook for $VALE after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
VALE looks like a short to me here. Three drives of bearish divergence on the 4hr MACD and daily RSI divergence. I could also argue for the MACD bearish divergence on the daily too. Throw in a potential bearish abandoned baby and I'm taking a short here at $20.52. Not quite a 3 to 1 reward to risk ratio, but it's close enough for me.
