VALE trade ideas
$VALE with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $VALE after a Positive over reaction following its earnings release placing the stock in drift B
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VALE DailyNYSE:VALE tried to go up five times and will not break through. Now it looks like it is about to fall off a cliff.
Vale falls out of channelAfter attempting to breakout over 23$ finally after 3months of consolidation , Vale was rejected with a gap below and close below 50ma. Added to to that bad setup is
shaven head candle stick
Increase in selling volume
A close outside of uptrend for the first time since last Nov.
Conformation would be a drop below 100ma at 20.56 and close.
Target is a place of heavy support around 18.10.
They still have a gap to close around 17.50
OBV ,MFI, Macd All bearish on both weekly and daily time frames
$VALE Bullish looking chart$23 is the level to break for a much higher target. $26 & $29 targets possible for the patient. Stick to a stop loss.
$VALE Box setup$VALE moving into a box setup now ahead of earnings on the 28th. Watch how the stock behaves then and look for a low risk entry.
VALE neutral short termThe sloping dotted red line is key. It's looking like it will either pull back slightly, or just keep plowing through... keep in mind this is the monthly chart.
Vale fell through wedge (Short)Rising wedge on daily.
Usually there is a dead cat bounce with this pattern and i wouldnt be surprised if we got a bounce .786 fib before a continuing drop to target 16.70.I know that price drop seems steep but the fallout of a rising wedge usually matches the width of the entry into the wedge
VALE Testing top of Ascending TriangleNYSE:VALE Is testing the upper bound of a textbook ascending triangle pattern: well-defined boundaries, and decreasing volume. Implied Price Target ca. $26 upon a successful breakout.
If traded through delta (cash), there's a nice 3:1 reward:risk up at the PT with a stop at $21.80 (ca. $1 below resistance).
Reward:Risk Analysis
Reward: ca. + $3 (at $26)
Risk: ~ ca. $1 (approx. middle of triangle).
Reward:Risk : 3:1
$VALE Overview - S-tier stockA quick overall look at $VALE.
Very clear wave structure from a technical perspective - looks like a wave 3 of a Supercycle is happening.
Solid financial sheets.
Low P/E ratio.
5% dividends.
Overall an S-tier stock.
Still, be considerate when entering a trading position as there may be short-term pullbacks possible (latest 5 wave up move and forming an ending diagonal/wedge?).
Clear VCP in $VALE, I'm waiting for the breakoutSo 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 AMEX: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 $27.10.
Another thing I like is that NYSE:VALE has a strong revenue growth since 2017.
Expectation Record VALE for 28 Jun 2021 - 2 Jul 2021Resistance 1 : 23.00
Support 1 : 21.50
Support 2 : 19.50
VALE depend on International IRON Price but must stand above 23.00 in order to continue break new High. If unable to break, will look back Support_1 : 21.50
Vale pennant break out Breakout came with a 27$ price upgrade from Dow jones.
1st target is Fib 1.618 (Greenline).
Expectation Record VALE for 21 - 25 Jun 2021Resistance 1 : 23.00
Support 1 : 21.50
Support 2 : 19.50
Expectation Record VALE for 07 - 11 Jun 2021Resistance 1 : 23.00
Support 1 : 21.50
Support 2 : 19.50
Recommended portfolio for the next 2 weeks!The ideas behind this portfolio are:
1- Benefiting from possible 6 trillion dollars infrastructure bill.
2- Being properly hedged using commodities.
3- Having exposure to the Tourism industry, apparel, and increased demand for gas in post-pandemic era.
My recommended asset allocation:
50% stock:
25% cash:
25% Gold:
0 Cryptocurrency
NYSE:VALE
NYSE:RIO
NYSE:SCCO
NYSE:CLF
NYSE:X
NYSE:FCX
NASDAQ:ABNB
NYSE:UA
NYSE:XOM
NYSE:AON
Use trailing stop loss..!
VALE S.A. - Elliot Wave CountAppears to be in the middle of wave 3 on the intermediate degree. This one is a slow moving long-term play. I might look to get in for wave 5, but that is probably towards the end of next year. On the primarily degree (not on this chart), it appears to be heading towards $83. That move would be years in the making- at least 5. Mostly posting this chart as I believe this industry will boom over the next decade and this ticker should be an easy 3 bagger for those in no hurry to collect.
Expectation Record VALE for 10 - 14 May 2021Support 1 : 21.00
Support 2 : 18.90
VALE will continue to break New High which IRON Price continue strong in Market. Support_1 (21.00) will be good entry point.
