VALE trade ideas
VALE3VALE3
2018/10/23 @ 56.79
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High trending continues with @ 1D strength. Distancing MM200. Purchase volume above average.
We can talk about a high trend being renewed.
Analyze fundamentals - if it can be a great time to buy.
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Tendência de alta continua com força @ 1D. Distanciando MM200. Volume de compra acima da média.
Podemos falar de uma tendênmcia de alta sendo renovada.
Analisar fundamentos - se pode ser um excelente momento para compra.
A Larger Correction Might Be Underway for VALEThe 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, should we see the hallowed Supercycle Wave 3. \o/
Best idea for now is to step aside from the stock and wait for signs Supercycle Wave 3 is around the corner...
VALE LongFirstly, the big picture.
Now, I believe that VALE has become a long again. But maybe there is a need to split the entry. I can't be sure if there will be a healthy correction for a good entry and thus my suggestion is to enter 1/2 the intended size and if VALE falls, enter the 2nd half; if it burst up strongly, enter on breakout.
Good luck!