Possible Cup and Handle + Kumo Break on 4hr chat. I suspect there will be a pull back to the base line which would provide a good entry zone.
Stop loss and profit target zone set at pervious key fractal zones.
Risk Reward conservative, I would let it ride if momentum is high while of course moving the SL to break even before assessing next move.
My thoughts,...
Commodity play. This is just an update to the chart I posted about a month ago. Targets achieved. $SID is now a little too far stretched from mean. Potential pull back after ER will present adding opportunities or perhaps opportunities to initiate new positions.
PAPER TRADE - JUST IDEAS & OPINIONS BASED ON MY PERSONAL ANALYSIS
Cup and Handle as well as Kumo breakout suggests that $VALE is in bullish territory at the moment. Future cloud is looking bright. Volume is improving.
Limit oder seating at 3.88 with a tight stop seating inside today's bullish candle just below the Kijun Sen just incase price moves back to test...
Price break out above cloud and bullish cloud formation makes $SID an interesting stock to consider for the watch list. Longterm trend on weekly chart remains bearish however short term swing play might be possible with key areas at 1.39 and 1.59 areas.
