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bhowe
Mar 15, 2016 5:53 PM

VALE Long

NYSE:VALE1D
VALE S.A.NYSE

Description

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New trade idea, BUY VALE here after a 61.8% retracement. Note the previous two pullbacks all reversed at 61.8% to move higher. Note the RSI is also at previous levels of oversold. Also, nice support level bouncing of the 20sma
VALE
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