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Looks like some overhead resistance holding them down. They won't be a buy until they break it. That doesn't mean that they'll be moving down from here but I don't think a buy would be a safe move until they break out. Resistance is currently 19.60 or so, I'll say that a close over 20.00 is probably a good buy indication. Current floor is 15.80, this was hit twice (labeled "1" and "2") in the past. I'm not going to go over any trades for this one because I think that would be premature. I'll be watching this one though to see how it reacts to the resistance and the floor.
If you have a stock you want analyzed leave it in the comments.
Do your own research before taking any position. I don't have a position in VALE nor will I be taking one in the next 72 hours.
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