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Triple_Barrel_Capital
Feb 23, 2018 7:27 PM
$VALE over-extended - short
Short
NYSE:VALE
1D
VALE S.A.
NYSE
Description
⋅
Feb 23, 2018 7:27 PM
VALE over-extended trading well above the 200 day moving average with significant PUT open interest. Rejected from the 1.618 fib line last week. Expecting a correction back to $11.70 support in the medium term.
Support and Resistance
Fibonacci
Moving Averages
VALE
short
put
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