The key is whether it can rise above 17.07 ~ 32.06

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(Vale S.A. Sponsored ADR 1M Chart)

The key is whether the price can break above the Fibonacci level of 0.618 (17.07) on the left and 0.618 (32.06) on the right.

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(1D Chart)

To do this, we need to see if the price can sustain above 15.40 and rise.

If it falls, we need to check for support around 12.72 to 14.0.

To break above a key point or level and continue the uptrend, the StochRSI, TC, and OBV indicators must show upward trends.

If possible,
1. The StochRSI indicator should not be in an overbought zone. 2. The TC indicator should remain above the 0 level.
3. The OBV indicator should remain above the High Line.

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Thank you for reading.
I wish you successful trading.

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