How the (VALE) price action is used to our Advantage
February 02, 2024, 20:58 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for VALE
- Buy VALE slightly over 12.62 target 13.99 stop loss @ 12.58 Details
The technical summary data tells us to buy VALE near 12.62 with an upside target of 13.99. This data also tells us to set a stop loss @ 12.58 to protect against excessive loss in case the stock begins to move against the trade. 12.62 is the first level of support below 13.29 , and by rule, any test of support is a buy signal. In this case, support 12.62 would be being tested, so a buy signal would exist.
- Short VALE slightly under 13.99, target 12.62, stop loss @ 14.03 Details
The technical summary data is suggesting a short of VALE as it gets near 13.99 with a downside target of 12.62. We should have a stop loss in place at 14.03though. 13.99 is the first level of resistance above 13.29, and by rule, any test of resistance is a short signal. In this case, if resistance 13.99 is being tested, so a short signal would exist.
Swing Trading Plans for VALE
- Buy VALE slightly over 13.61, target 14.05, Stop Loss @ 13.57 Details
If 13.61 begins to break higher, the technical summary data tells us to buy VALE just slightly over 13.61, with an upside target of 14.05. The data also tells us to set a stop loss @ 13.57 in case the stock turns against the trade. 13.61 is the first level of resistance above 13.29, and by rule, any break above resistance is a buy signal. In this case, 13.61, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short VALE slightly near 13.61, target 12.62, Stop Loss @ 13.65. Details
The technical summary data is suggesting a short of VALE if it tests 13.61 with a downside target of 12.62. We should have a stop loss in place at 13.65 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 13.61, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for VALE
- Buy VALE slightly over 13.76, target 14.05, Stop Loss @ 13.73 Details
If 13.76 begins to break higher, the technical summary data tells us to buy VALE just slightly over 13.76, with an upside target of 14.05. The data also tells us to set a stop loss @ 13.73 in case the stock turns against the trade. 13.76 is the first level of resistance above 13.29, and by rule, any break above resistance is a buy signal. In this case, 13.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short VALE slightly near 13.76, target 12.62, Stop Loss @ 13.79. Details
The technical summary data is suggesting a short of VALE if it tests 13.76 with a downside target of 12.62. We should have a stop loss in place at 13.79 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 13.76, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Vale S.a. American Depositary Shares Each Representing One (VALE) available here: VALE.
VALE Ratings for February 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
12.62 |
| P2 |
13.76 |
13.61 |
13.99 |
| P3 |
0 |
14.05 |
15.33 |
AI Generated Signals for VALE
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Vale S.a. American Depositary Shares Each Representing One (NASDAQ: VALE) data table below can help you with price action, and we have more details too. Trading plans for VALE are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for VALE:
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