This is a long term opportunity here.. Vale has lost 50% in the last 4months.
Strong support at 11.12.
Monthly fibonacci level + Monthly 100sma are sitting at the same area which makes it a great risk reward here.
If it falls beneath 11$ there's a trendline(Whiteline) support around 9.80 Where I'll Add more if need be
Severely oversold here on the weekly and daily oscillators.
Strong support at 11.12.
Monthly fibonacci level + Monthly 100sma are sitting at the same area which makes it a great risk reward here.
If it falls beneath 11$ there's a trendline(Whiteline) support around 9.80 Where I'll Add more if need be
Severely oversold here on the weekly and daily oscillators.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.