VALE
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 Holding Up Well in a Tough MarketVale 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 market turns positive in coming weeks, however not much can survive the carnage we have seen lately.
VALE 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 activos)
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