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VALE forms Lower Bollinger Band Walk on July 9
VALE posted a 1.21% gain on Thursday, July 9th, accompanied by 0.9× normal trading volume. Lower Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 14.01, 13.81 & 13.67, with resistance at 14.35, 14.49 & 14.69. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of VALE: C
Just a sneak peek — check SwingTradeBot.com for the full story on VALE.
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