Vale S.A. VALE

$VALE following technicals and seems ER had zero effect. $12 in play unless we get higher lows.

$VALE odd that USD, miners and metals are moving lower when the USD is as well. Only 4 (5 if you include crypto) that money goes (bc it is never destroyed only transferred). Stocks, RE, Bonds/Cash or physical metals. All are down at the same time???? It seems to me that the USD will surge, VALE (and other asset classes) will drop throughout most of the year. Then, a severe plummet of the dollar, “official recession” will be announced and then we will see commodities boom.

Sucks we have to wait so long again ?.

$VALE gotta bounce from here or back to $12 we go. I am a buyer at $12 and below even with all the signs pointing to massive market crash any day now.

$VALE hit the 50dma and rejected. Let’s see it bust through it with heavy volume and close the week above it.

$VALE still in the charted ranges but this cock n balls pattern is concerning.

$VALE closed the week below $15.50 and next major support is around $12. Something doesn’t smell right about a massive market crash coming. I am betting this whole banking “crisis” is another scam to allow QE and quietly rotate out of financials into other sectors like commodities. Look at Feds website, banks have been closing at a record pace since 2017.
Commodities do well in high interest rate and inflationary environments. When we see new ATH in commodities across the board…it’s time to sell and get out of the markets.

$VALE buy this dip. Downside is $12 which isn’t bad from this point. Expect a bounce soon if not resumption of an uptrend.

$VALE buying more at 15.50ish.

$VALE chart is still in tact. We may bounce between $15.50 and $18 until the end of the wedge. I am still bullish on commodities and think names such as $CLF $VALE $X etc will have a parabolic move this year.

$VALE maxpain is still $18 this Friday. The USD is dumping right now and divi is Tuesday.

Monday and Tuesday may be very very good for this stock.