VALED trade ideas
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.
VALE - riding the bullSeems to be today pullback is done in VALE.
I think oil is before an epic run in the next 2-3 weeks and VALE is ready to print its next run.
So those who couldn't enter 3 weeks ago it's a great possibilty to enter or add to the position.
I post it before market close so it's possible to enter...
Volume is perfect for the pullback, we are ready to run again tomorrow or on Wednesday...
The Force Behind Brazil's Recent Bullishness (Analysis on VALE)If you've been paying attention to headlines about Brazil recently, the term "impeachment" seems to be all over the place. But what's really driving prices upwards in the country's stock market? Is it the daily swaying impeachment probability or something else?
Today's stock to be analysed is VALE, the Brazilian iron ore producer.
The chart's left side is late October 2014, when president Dilma Rousseff got re-elected. As can be seen, Vale's stock price has since then maintained a close correlation with the price of the main product it sells.
The analysis gets even more interesting when the stocks of other notable Iron Ore producers are plotted on the chart...
Anglo-Australian BHP Billiton and US-Based Freeport McMoRan.
So, what's really driving those prices more, Dilma or Iron Ore(rhymed!)? I'll stick with Iron Ore...
Simple Trading Techniques – Pullback Candlestick Strategy
Go long the VLE if it trades at 4.06 or higher. If triggered, place your stop at 3.44 and exit the position for a profit at 4.48 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
Bullish Territory For $VALEPAPER TRADE - JUST IDEAS & OPINIONS BASED ON MY PERSONAL ANALYSIS
Cup and Handle as well as Kumo breakout suggests that $VALE is in bullish territory at the moment. Future cloud is looking bright. Volume is improving.
Limit oder seating at 3.88 with a tight stop seating inside today's bullish candle just below the Kijun Sen just incase price moves back to test the equilibrium for support.
Target a bit too optimistic - will keep close eye at price action on key levels or exit when price moves back to close below Kijun (whichever comes first or makes sense depending on market conditions at the time)
Simple Trading Techniques – Pullback Candlestick Strategy
Go long the VLE if it trades at 3.96 or higher. If triggered, place your stop at 3.57 and exit the position for a profit at 4.24 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
Vale:The Wait and See ApproachVale has been in a 4+ year long down trend. The good news is Vale put in a very strong bullish candle two weeks ago on huge volume, the bad news is Vale has followed that up with a reversal candle after failing to take out heavy resistance at the $9 level. Despite these reversal signs, it is possible for Vale to take a bounce to the upper trend channel in the $10-12 range which would set up an excellent shorting opportunity. Ideally I would like to see Vale close above $9 or at least make a very strong move towards $9 by the end of this week. On the other side of the trade, a close near or below $8 for the week would show a great deal of weakness and could be setting up for a drop to the $6 level.
So to recap: A close above 9 we can look higher, a close below 8 we look lower.
What should I analyze next? PM me or leave a comment below!