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VALE S.A.
Long

Trend Continuation vs. H&S

By The_Cannalyst
Updated

The longterm uptrend is still in dominant.
At present we have reached an interesting trading Point:

After kissing the longterm trendline, Vale could break it`s midterm downtrend. So the bullish mood can be continued if the level 9,25 could be overcomed. Above that level a test of the high at 12 could be aimed.
If this level could not be overcomed, i se the danger of forming a H&S

1. Idea Long: snapshot
2. Idea short: anticyclical shortscalp snapshot
3. Procyclical short with stoppsell snapshot
Wach the RSI..he is sgnalizing an overbought situation
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the first idea was the wright one snapshot rsi made a seklling signal now
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snapshot
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i think the test of the resist will be sold first...watch the rsi! snapshot
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snapshot
Support and ResistanceTrend Lines
The_Cannalyst

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