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...
Wait for confirmation if this is a double top or may be an ascending triangle in formation
Ascending rectangle broken with a decent volume level, sell order 9.13; stop loss 9.31; take profit 8.3
Despite the difficult political situacion in Brazil, VALE is bouncing over the support line
If you zoom out you can see the decline that VALE went through - I can imagine that further gains here are very well possible, even just as some sort of reverse to mean / fair value.
After a nice uptrend, Vale has stalled and formed a Head and Shoulders pattern. Notice the volume on the uptrend to the "head", increasing right? But notice after the stock hit support for the second time (after forming the head) the second shoulder move up is rather mixed. Volume tells us a little bit more on moves up rather than moves down. You don't need...
Esperamos la corrección para salir UP desde la zona de los 9.14
If we can break from the pennant bullish, should continue up to next support/resistance level. If it breaks bearish or continues sideways, I will look for a bounce off the 10 or 20 EMA