$VALE Overview - S-tier stock

By GoldDoubling
A 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?).
Economic CyclesElliott WaveFibonacciVALE

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