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.
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.
Commento:
Adding trade details.