VALE is a long-established gold miner with global assets and is well positioned to leverage
rises in spot gold and futures in its overall operations. On the 1H chart, I have added two
sets of VWAP lines and their standard deviations anchored at the beginning of both May and
June. They have similar line trends. Price is crossing over those mean VWAPs a classical
sign of predominating bullish momentum The Lorentzian machine learning indicator issued
a buy signal two trading days ago. This indicator uses RSI, CCI, moving averages and directional
indices to produce high-quality algos and trading signals. It has no psychology and issues alerts
on purely mathematical criteria. The MTF RSI indicator shows the lower TF line crossed over
both the higher TF line in black and the 50 level one day ago. The 3 in 1 indicator is green
for all three including money flow and bullish momentum and confirmatory on RSI. Overall,
given the rise in gold on the forex and futures market, I see VALE moving higher and the
TA supports that view. I will take a long trade of stock and consider a call option if I
can find one with enough volume to trade and a reasonable spread.
rises in spot gold and futures in its overall operations. On the 1H chart, I have added two
sets of VWAP lines and their standard deviations anchored at the beginning of both May and
June. They have similar line trends. Price is crossing over those mean VWAPs a classical
sign of predominating bullish momentum The Lorentzian machine learning indicator issued
a buy signal two trading days ago. This indicator uses RSI, CCI, moving averages and directional
indices to produce high-quality algos and trading signals. It has no psychology and issues alerts
on purely mathematical criteria. The MTF RSI indicator shows the lower TF line crossed over
both the higher TF line in black and the 50 level one day ago. The 3 in 1 indicator is green
for all three including money flow and bullish momentum and confirmatory on RSI. Overall,
given the rise in gold on the forex and futures market, I see VALE moving higher and the
TA supports that view. I will take a long trade of stock and consider a call option if I
can find one with enough volume to trade and a reasonable spread.
Trade active:
The trade is off to a good start with price moving up. Stop loss now @ break-even.
The tradie is now risk and stress free.
The tradie is now risk and stress free.