Vale S.A. VALE

$VALE entire year to date gains have now been wiped out. If this gets under $16, adding more simply bc risk/reward is still favorable for a solid company.

$VALE seems to be stuck at $16.66 ?

$VALE well tomorrow will be interesting. Why the late day buying??? What is the news other than tech is failing and the only place to make money are in the value stocks?

$VALE https://seekingalpha.com/article/4579884-vale-stock-poised-benefit-russia-supply-cut-china-reopening

$VALE not sure why this big news didn’t show up anywhere.

https://www.channelnewsasia.com/business/china-steel-body-hosts-talk-vale-iron-ore-supply-3266061

$VALE technical and macro still in tact. We are at a decision point though. Either a short term double top or double bottom. Wedge pattern could break either up or down. Don’t ignore the MACD or volume, so there is a concern there.
My opinion is we go up.

$VALE I would expect ER to be good since the USD starting its downtrend in Q4 2022. This means when they settle their BRL books in USD, the figure will be more positive than in the previous qtrs of 2022.

I would also expect an announcement soon after of a higher divi, or special divi, in 2023.

$VALE max pain options is $18 this Friday and beginning March $19 then end of March is $17. Interesting to see where this goes this week and next.

$VALE major global markets are breaking out amongst the “extremely bearish” sentiment for 2023.

Should VALE go down to test support in $15S…I think we can profit on the overall global equity moves to the upside.

My opinion…buy this weakness.

$VALE welp…nothing bullish anytime soon in my opinion ?