Short on Vale SA
Vale SA (VALE) reached an historical ressistance zone, matching with the last peak of the stock on february, which is the highest price since 2014. After forming a Long Upper Shadow Candlestick on friday, the price seems to hold in the zone of the Feb high. Stoch RSI is overbought, so we believe a short opportunity could exist, targeting a price of $9.6 aproximately.
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