Vale S.A. VALE

$VALE kinda looks like a bull flag on the monthly. If it plays out, $18 is coming quickly.

DXY still low and looks to go under $105 which is bullish for VALE.

$VALE today will be a good day…should be anyways. Let’s push through that resistance with conviction and take back $20 by Christmas.

$VALE don’t get disheartened by this low volume move. Nothing has changed, but we need to confirm the trend resumption closing above 16.50 this week.

$VALE DXY down today and probably go under $106. Vale should turn around today.

$VALE nickel heading higher..

https://www.zerohedge.com/commodities/nickel-jumps-tesla-backed-miner-sparks-supply-fears

$VALE this week is make or break time. Either we get a full body candle close above the yellow line we currently hit and go to 16.50 this week, or rejection and we trade sideways for a while.
My guess is we get back into the pitchfork channel and head higher.

We shall see by Friday close.

$VALE ready for liftoff….

$VALE I can’t help but to buy this dip. Addiction is a real disease ?. The DXY is crumbling so I will be patient for the high…literally.

$VALE as you can see on the weekly and monthly charts, VALE is still in upward movement (ie has not taken out previous lows). It has fallen out of the pitchfork channel and tested support twice (I think is a double bottom). Needs to clear the first resistance line (yellow lines) and get back in the channel. Once it does, possible $20 within a month or two and possibly $30+ if it managed to clear the yellow resistance lines.
Second scenario is that it clears the first resistance and stays in the descending triangle pattern noted by the yellow resistance lines that converge. Take some profits at 19.50 in case it plays out as we may see a test of the $11S again.
Also note that a falling USD is a tailwind for VALE (which I think already topped). In either scenario, we should see $20 again. There are other technicals and macros to consider, but want to keep it clear to help others.

$VALE the DXY declining and top was already made. Bottom is in on VALE in my opinion/research. This should rise to end of year.