VALED trade ideas
VALE H&S FormationAfter a nice uptrend, Vale has stalled and formed a Head and Shoulders pattern. Notice the volume on the uptrend to the "head", increasing right? But notice after the stock hit support for the second time (after forming the head) the second shoulder move up is rather mixed. Volume tells us a little bit more on moves up rather than moves down. You don't need increasing volume for a move down, it's nice and supports the argument, but it's not necessary.
Wait to buy until the stock moves below the blue support line with decent volume but more importantly ending the day near or at its daily low (shaven bottom). Stocks like to consolidate for a few days before moving down on patterns like this, so i would wait to see if the stock remains around the same price but Stoch & CCI indicators move higher.
Next major support is at the $8.00 mark (38.2% retrace), with a drop through that finding support at $7.50 then just below $7.00.
Counter-trend signals : VALE (Daily)Counter trend trades should fall in one of the two cases:
-> a quick and fast trade against the primary trend, expecting a pull back from the extremes.
-> reversal points
With that in mind, make sure you apply proper money management.
VALE Long IdeaHad a nice trade on this name today. Nice close as well so we might see a continuation to 12.00 area maybe 12.30. Earnings winner as well
VALE still going strong.. The trend is still strong.. some consolidation on the way though to target > 12.4.. Given the fact that the earning report on 23 of Feb is according to estimate $0.16
VALE. Fin de la onda 3Chart Semanal. Se cumplió perfecto la onda 3 extendida, llegando a los 161,8% de fibo. Ahora hay que ver hasta donde corrige la onda 4, estimado en 8,8
VALE Bullish SwingIf we can break from the pennant bullish, should continue up to next support/resistance level.
If it breaks bearish or continues sideways, I will look for a bounce off the 10 or 20 EMA
Break Through Resistance??Looks like a long bearish trend 2011 to early 2016. Bullish trend all through 2016. Could it continue in 2017 with a Trump presidency?
VALE Bullish SwingWe got above average volume today on the gap up. Though it's more of a gap and go, I'm looking for it to "fake" a retest of the support/resistance level I have at 8.09 It's likely to retest this level at some point within a week or two max. Hopefully quicker.
2R is just above the next resistance level, but the previous peak had two days in a row that hit the target price. If we hit the target quick enough, lots of room before the next strong resistance.
will a retracement of 0,38 fib be enough for Vale?Trade will be activated if Vale close above 8.5. A high P/L ratio. .. Trend is still still valid.
Break out from a giant downtrend.. Vale is showing a breakout from a very long downtrend. the small uptrend that is created has a high potential upward if it withstand the pressure... SL very tight !
Bull flag, nice formation for a quick trade when breaks 5.86Looks awesome if we can break for tomorrow, the price could go to 6 really quick
VALE Bullish TrendBreakout on daily, then weekly. Backtest and strong bounce off long term weekly trendline
