I LOVE This Chart

I look at A LOT of stock charts throughout the week.

Some I have a good read on…others I don’t. And I also grade them based on how they look.

So today I want to walk you through what I believe is an A+ setup.

VALE closed at $15.31 today, up about 1%, I like to pronounce it valley, don’t hate.

Today’s green candle took it right back through the $15 line that has been sitting on this thing for weeks.

On The Close, I said VALE looks very strong and everything is lining up nice.

It sold off yesterday and it made a great comeback, and made a really nice flag here, and the path of least resistance is just beautiful to the upside.

I have very high aspirations for this one. I think it's going to be a huge winner for us, and I'm in it.

Now look at the volume profile on the right side of that chart, because this is the part I love.

Look at how thin it gets just above where price is sitting. Barely anybody traded up there, which means barely anybody has a position to defend, which means there is not much standing between this and $16 if it gets going.

This thing better break.

And I think it breaks out in the next week.

Rock On,

Voz

P.S. Today in The Close members were flashing wins left and right. 42%, 33.3%, 52%, 152% and more. Right now, you can trade The Close with me for the next 30 days at no cost. Give it a shot, and maybe you’ll see your name in the winners circle.