archiki
Long

Vale Simple Price, Bars, and Levels. ^.^ (over 50% upside)

NYSE:VALE   VALE S.A. AMERICAN DEPOSITARY SHARES EACH REPRESENTING ONE COMMON SHARE
182 2 5
Buy the pullback. Watch the dollar. Brl             . .... as well.. Setting up for a nice coil and spring into higher price.
Comment: wait for the consolidation then buy the breakout.
Comment: pullback has started in all commodity markets. Vale, Swc, Slw,GDX are all on the watch list. for now. waiting for a better buy. might take 9-11 day waiting period.
Comment: vale has reached a buy point soon. this will be on watch as well as fcx
Trade closed manually
Comment: hmmmm
Do you think Rouseff's impeachment is something to consider or is it a non-issue?
They say the vote is going through but this uncertainty and murky Brazilian politics are causing some serious bearish sentiment (especially with PBR and Vale, Bovespa dipped 1.41% yesterday too)
Reply
archiki hassan_chr
non issue for me. watching the dollar and brl is far more important atm. Pullback in metals was expected after such huge upside in price all metal/mining sectors
Reply
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