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archiki
May 7, 2016 8:15 AM

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

VALE S.A.NYSE

Description

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
Comments
Cetan
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)
archiki
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
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