I like the basing action around its 50 day MA after its 85% run up. Expecting this to resolve to the upside if the market remains to be strong in April.
Vale Sa Adr (VALE)- BRAZILIAN COMPANY ENGAGED IN THE MINING AND EXPLORATION OF MINERALS IN BRAZIL AND 5 OTHER COUNTRIES.
The PEAD projected a Neutral outlook for $VALE after a Negative under reaction following its earnings release placing the stock in drift D
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I'm a beginner with technical analysis. I looked at chart patterns and saw that pattern. Let me know if I did horribly bad or how it was. I need feedback on how I did.
this had a big impulse to the upside in previous months that pushed it over big trendline resistance, but dont expect anymore big impulses like that soon. price target 22 in early 2022! is generally a slow mover so go with shares>calls unless its a short term scalp
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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...
Not to sure how the deal will bode for VALE but looking at the hourly price action I would like to see a close above that POC However zooming out it seems like vale can quickly move higher with little resistance
In order for this to work, VALE needs to fall after earnings
The plan
1. wait for drop
2. wait for vix on rise
3. buy calls for May
Why May? Because April 19 has sooooo many block/sweep/split calls for $20 strike.
Alternate plan, instead of call options, I would buy commons and gobble up the gains rather than play the options game.
The main point is to wait...
Vale has pulled back following a sharp rally, creating a potential opportunity for global-economy bulls.
The Brazilian metals company ripped more than 80 percent between late-October and early January. Its $19 peak on January 4 was the highest price in almost eight years. VALE then retreated toward $16, and is now bouncing at its 50-day simple moving average...
I have been seeing a lot of unusual options activity for this. Seeing how they have earnings coming up I bought 10 35c for 2023. They have a partnership with Tesla right now and there is huge buy in for the materials market with focus on EVs, Cloud, semi conductors, etc.
I've identified some price points based on analyst targets and the general trajectory of the industrial metals/commodities supercycle we're in. These LEAPs are attractive given the potential return.
