CFD Trading – Sell Vale SA (VALE.NYS) @ $15.75. Stop @ $17.05 and Target @ $13.00.

Vale SA Stock Code VALE.NYS


Price tested the cloud on 29 April 2022, but was unable to move above the cloud and we saw a resumption of the price decline. Price also broke below a Double Top chart pattern with a MACD bearish divergence warning. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD is bearish with both its lines below the zero line. We think price is likely to move lower to the previous low at $13.00 in the next 2-3 weeks.


$15.75                Sell

$13.00                Price Target

$17.05                Risk Management Stop

3 weeks              Trade Duration

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