VALE has increased volume and breaks long term trend line

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Vale has increased volume and has just broken this long term trend line . It could be set for a nice comeback, I am going to trade this but I will be buying stocks for a long term investment as it could take a while for China's steel needs to return. Previous dividends have been quite good, I expect 3-4% in divs and potential growth as well.

Vale is one of the top 3 metal and mining production companies. Steel and Iron Ore are currently low because of an increase in supply of iron ore and a slowing economy in China who buy 60% of the worlds Iron ore..

Vale is down 20.29% on 1 year change
P/E: 6.11
EPS: 3.07
Annual Div: 0.5885

Vale SA (Vale) is a Brazil-based metals and mining company. The Company services are divided into four segments: Bulk Material, including the extraction of iron ore, manganese and ferroalloys, as well as pellet production; Basic metals, comprising the production of non-ferrous minerals, including nickel, copper             and aluminum; Fertilizers, including the production of potash, phosphate and nitrogen; and Logistic services, including cargo transportation for third parties divided into rail transport, port and shipping services. Additionally, Vale is active in investments in joint ventures and associate in other businesses. The Company operates in more than 38 countries, including mineral exploration activities in 21 countries.
almost 17.14 again
This is interesting, lets see what happens, now may be a good time to buy at 17.14
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