VALE - a senior gold miner LONG

2023年7月12日

VALE is a long-established gold miner with global assets and is well positioned to leverage

rises in spot gold and futures in its overall operations. On the 1H chart, I have added two

sets of VWAP lines and their standard deviations anchored at the beginning of both May and

June. They have similar line trends. Price is crossing over those mean VWAPs a classical

sign of predominating bullish momentum The Lorentzian machine learning indicator issued

a buy signal two trading days ago. This indicator uses RSI, CCI, moving averages and directional

indices to produce high-quality algos and trading signals. It has no psychology and issues alerts

on purely mathematical criteria. The MTF RSI indicator shows the lower TF line crossed over

both the higher TF line in black and the 50 level one day ago. The 3 in 1 indicator is green

for all three including money flow and bullish momentum and confirmatory on RSI. Overall,

given the rise in gold on the forex and futures market, I see VALE moving higher and the

TA supports that view. I will take a long trade of stock and consider a call option if I

can find one with enough volume to trade and a reasonable spread.

2023年7月12日

交易進行

The trade is off to a good start with price moving up. Stop loss now @ break-even.
The tradie is now risk and stress free.