After attempting to breakout over 23$ finally after 3months of consolidation , Vale was rejected with a gap below and close below 50ma. Added to to that bad setup is
shaven head candle stick Increase in selling volume A close outside of uptrend for the first time since last Nov.
Conformation would be a drop below 100ma at 20.56 and close. Target is a place of heavy support around 18.10. They still have a gap to close around 17.50
OBV ,MFI, Macd All bearish on both weekly and daily time frames