So the technicals are great, excellent uptrend with the price above its MAs and now formming a third base in which I'm waiting for the breakout to enter a position. The pattern is accompanied by low volume, that's good too. Also, is leading its sector. Very strong realtive strength against the Steel ETF 
SLX, which has a 17% allocation of the stock.
Today Zacks gave it a Rank #1 for STRONG BUY and, is Rank #1 in its industry in the IBD Investors Group Leaderboard with a 92 Rating on the IBD Relative Strength. These are all good bullish signs. I'll be setting a stop buy order in $23.35 with a sell target in $27.10.
Another thing I like is that
VALE has a strong revenue growth since 2017.
SLX, which has a 17% allocation of the stock.Today Zacks gave it a Rank #1 for STRONG BUY and, is Rank #1 in its industry in the IBD Investors Group Leaderboard with a 92 Rating on the IBD Relative Strength. These are all good bullish signs. I'll be setting a stop buy order in $23.35 with a sell target in $27.10.
Another thing I like is that
VALE has a strong revenue growth since 2017. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.