VALE COPPER BULL CYCLEI don't know if it'll replicate a move to ATH but a move higher is definitely in play given a breakout.
VALE3 trade ideas
$VALE S.A $18.00 Price Target
November was a great month for the long suffering investors in VALE,
eventually that horrible 12 year downtrend broken.
Near term gains now depend on breaking above the 200ma on monthly chart.
Next major target is $18.00 where Fibs and horizontal resistance will come into play.
Vale up trendI m publishing it quite late due to lack of attention but vale is about to climb higher due to weakness in dollar and increased price quoted in commodities... I wouldnt suggest to enter fully now but build position slowly.. it will reverse and will give chance for long term view... for moment vale is trend up
daily analysis of VALE ON NM Hi friends
the daily chart shows with a high probability an uptrend in the coming days
please subscribe to receive more analysis
Battery Day Option PlayTesla Battery Day is happening this Tuesday 9/22/2020. I will be purchasing call contracts at a $14 strike price with an expiration date of October 23rd.
During Tesla’s Q2 earnings call, Elon laid out how badly they were looking for a nickel producer. EV relies on nickel to keep producing batteries for their cars. With that being said
vale mines nickel in Brazil, Canada, Indonesia and New Caledonia making it the LARGEST producer of nickel. Vale also has joint-venture refineries in China, South Korea, Japan, the UK and Taiwan. These locations will help deliver nickel to the Tesla factories in North America, Berlin and China.
Important things to remember
$VALE is the largest nickel producer in the entire world
$VALE notified creditors on September 14th that it was paying off it’s $5 billion debt, suggesting a large deal leveling them an insane amount of capital.
$VALE’s trading volume is up 37% from it’s average and has bullish whale activity in the options chain.
Earlier this month, $VALE announced that they would be paying an extra dividend, on top of their regularly scheduled dividend, reinforcing the thesis of a strong balance sheet
Tesla and $VALE already have a history of being bidirectional business partners for over a year.
Conservative estimates reveal Tesla's growth plan leaves $VALE’s competitors ill equipped to deal with the demand for nickel Tesla needs to produce it's vehicles within five years.
This market is all about supply and demand and if Vale can supply the nickel needed a partnership with Tesla is eminent.
Technicals to watch for on 9/21/2020
Resistance: is at $11.82 & $12.12
Support is at $11.36 and $11.20
Atencion que si no supera la resistencia se cae!es una resistencia fuerte por lo visto. tiene que superar o se cae el trade.
Vale retrace to be expectedVale has reached an area of very strong weekly (not shown) and daily resistance. Furthermore it has just broken and retested the upward trendline.
So consolidation and retrace can be expected.
Possible scenarios for rebuying:
ORANGE: Simply consolidation at the current levels before we continue up.
RED: Wee do a retrace to the 0.5 fib, which lines up nicely with a horizontal support.
GREEN: We do a retrace to the 0.618 fib, lining up with a very strong horizontal support.
$VALE S.A. Bullish flagVale is building a bullish flag pattern and a break of the 11.75 level could see price targets of 12.86 & 13.66
VALE - Elliott Wave - preferred scenarioPreferred scenario- target 15 USD - wave ratios of high probability
Vale in a range about to breakHello,
Here I bring the analysis over Vale.. its in a dangerous zone.... or either it breaks higher in direction of high prices or lower in direction of lower.
Showing weakness in commodities markets.... lets see... where is vale heading to... the main trend is down ... so probabilities are in that direction..
Se viene VALE ??? todo indica que se esta poniendo interesante
Tenemos un macd por cerrarce y cruzar
precio en piso de canal
Lastima que aca el ccl se estima una baja hasta 118
FROM UNDER THE $VALEVALE looking good here for a nice uptrend, finishing the day strong. The gap up slightly concerns me.
$VALE Potential Long to Trend-line
Potential upside target to trend-lien @ $12.50
Possible entry $11.50
Stop loss below 50ma $11.00
analise VALE3 BRLOs alargamentos são padrões gráficos que geralmente aparecem no fim, ou na proximidade do fim, de uma tendência. Se parecem com triângulos (simétrico, ascendente, descendente) invertidos. Vale ressaltar que as oscilações não costumam respeitar muito as linhas limites da figura, o que torna muito comum investidores iniciarem a operação em falsos rompimentos (ou seja, falsas definições da figura).
VALE3: Long on Elliott Wave (III)/Compra por Onda (III)VALE3 has just confirmed its start of a WAVE (III) in SuperCycle degree. We should see a strong push to the upside in the coming months and quarters, with the 1.618 expansion at R$ 415.
The whole advance from Early 2016 until the just broken out top "V" shows a clear 5 wave pattern, and that was labeled in Cycle degree as WAVE (I). The correction that ensued up till the corona virus/Oil glut - Russia vs. Saudis - bear market was labeled as a corrective WAVE (II).
VALE3 acaba de confirmar o início de uma ONDA (III) de grau SuperCíclico. Devemos observar uma força vigorosa empurrando os preços para cima nos meses e trimestres a seguir, com a expansão de fibo batendo em R$ 415.
A subida desde o começo de 2016 até o topo recém rompido "V", revela um padrão de 5 ondas, que foi rotulado a nível cíclico como ONDA (I).
A correção que se deu até uns meses atrás com o Corona-Virus/Crise do Petróleo "Russia-Arábia Saudita" foi rotulada como ONDA (II).
