Looks like a flag to me , above all important SMAs.. i missed out on this one in 90s..
See how close some of the SMA lines are, this could make a run for 4.00 again
The chart is turning, this is what you should chase.. use intelligent stops.
This is a broken chart of a great company to buy.. i would rather get it at 40 , but i doubt we will get that chance.
If you didnt play this chart , like me, you are a novice.. :)
Looking for a consistent move up above 200 sma . no position, good stock that i didnt know before..
Look at the RSI and the channel. I think this is bullish for US stocks
I have been trimming this one , it had potential to see 70s..
I am long this stock, but this chart scared me alot.. I will bail completely if it comes close to 28 again.
VALE needs to close atleast above 13.60 to be of meaning or stay in the wedge ..
This could continue on . I trimmed a little yesterday. but will stay this size until it falls from the trend.