Companhia vale was in a downward trend that broke out. In other words, it has been upward trend in recent weeks.
currently it is at a significant level around 12.5.
we can see the gap down due to earnings. also, looks like buyers coming in given the fact that the volume is getting a bit higher.
the suggested direction after approval candle shows up would be...
!!!...$VALE Short after Dam Collapse Disaster...!!!
$VALE is at it again!
This time its much worse
Hundreds Injured & Missing
Environmental Disaster of Epic Magnitude
Vale Has Suspended Dividends
Suspended Executive Bonuses
4 New Downgrades
38.50% Insider Owned
20.40% Institutional Owned
10% of the Total Shares Outstanding Have Rolled Over by Lunch...