VALE Short

5 באפר׳ 2022

VALE looks like a short to me here. Three drives of bearish divergence on the 4hr MACD and daily RSI divergence. I could also argue for the MACD bearish divergence on the daily too. Throw in a potential bearish abandoned baby and I'm taking a short here at $20.52. Not quite a 3 to 1 reward to risk ratio, but it's close enough for me.

22 באפר׳ 2022

הערה

Exited my short at $17.78. Probably gonna get more to the downside, but I'll take my measured move and go home with this one. Nice 13% move in 2 weeks.