Ice_
Short

Trading the breakout disaster (VALE5 PN)

NYSE:VALE   VALE S A
There are a lot of fundamentals together with this trade. VALE is deeply connected to china, which faces slow industry growth rates right now, plus the brazilian market is getting frozen with the recent political events, new fiscal rates, etc.

I'd expect a 20% value loss, so shorting all the way.
Safe trading!
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