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Vale : digging a bit deeper?
VALE S.A.
Short
Vale : digging a bit deeper?
By ProTrading24ru
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Dec 23, 2020
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Cheer
Cheer
Dec 23, 2020
One of the top mining companies along with BHP and Rio Tinto, #VALE is benefiting from higher than many expected steel prices.
Move up though looks somewhat overstretched by now, formed a divergence with RSi and is not supported by volumes.
A healthy correction to $14,75 (Fibo level) would be logical.
Technical Indicators
Trend Analysis
ProTrading24ru
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