If VALE fails to closes above the R$16.10 mark than it will start a major correction targeting R$12.00. I´ll buy a PUT Spread at the end of the day(+VALEQ62/-VALEQ60) if it fails to close this mark till 3h30PM. Today VALE5 will report their first quarter production. The market expects a record break, but this is already in the price, as may be seen in the chart.
If you've been paying attention to headlines about Brazil recently, the term "impeachment" seems to be all over the place. But what's really driving prices upwards in the country's stock market? Is it the daily swaying impeachment probability or something else? Today's stock to be analysed is VALE, the Brazilian iron ore producer. The chart's left side is late...
Possivel formação altista na VALE5