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.
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.