Vale S.A. VALE

$VALE have no fear, the chart of the USD looks incredibly weak and will probably dump next week. Along with strong ER…we will rip. Hang in there!! Look at the DOW…massive selling volume mid day and last 10s of session, almost the same volume of buying!

$VALE looks like this is following test of markets. Going to test 200dma. If it drops below and can’t recover in a week…$14 is next on charts.
Still hold firm to a $30 PT near term (May/June) and will be explosive. Sell that rip in my opinion.
USD is way up and all that cash is going somewhere soon. Rarely do they stay in cash and bonds very long.

I already lost the next dividend. What’s the upside?

Why is CLF up 9%?

Algorithms are on full tilt to bring this stock price down to get more people out to create a better price point.

$VALE so much bad news just before earnings. Sound like some folks need it lower since they are late to the party.

No surprise it’s dipping before ER, most all big traders/algos do this to eliminate the surprise.

It doesn’t matter if output is down a few percent when prices are more than double.

This will accelerate to $30 within a few weeks.

$VALE we’re doomed. Absolutely fooooked now ?

https://www.cnbc.com/2022/04/19/cramers-lightning-round-vale-is-a-winner.html

$VALE bullish even in the face of looming recession (short term). Look at the action inside the blue box. May go to $14 as a worst case and unlikely for now. MACD remains in the positive.
Major resistance around $20 as those folks that have been holding since 2012 will be looking to sell. Once that is over, the next pivot is around $40 which was the ATH (ie just before the GFC/recession 2007/2008). I would look to sell around $30 and keep a very small position and risk being caught in the recessionary dump or gamble to make another $10+ per share.

$VALE max pain in $20…I expect a last minute rally and probably will close at $20.

Buying this dump then pump!
Nice try I don’t get bluffed.