VALE Bullish SwingWe got above average volume today on the gap up. Though it's more of a gap and go, I'm looking for it to "fake" a retest of the support/resistance level I have at 8.09 It's likely to retest this level at some point within a week or two max. Hopefully quicker.
2R is just above the next resistance level, but the previous peak had two days in a row that hit the target price. If we hit the target quick enough, lots of room before the next strong resistance.