Vale has formed HH & is likely to form LH indicated by 3 candlesticks in the red circle indicating the direction of the downtrend.
18.20 is likely to be the strongest support, and probably will bounce. On the other hand, the RSI indicator is approaching oversold.
disclaimer on
18.20 is likely to be the strongest support, and probably will bounce. On the other hand, the RSI indicator is approaching oversold.
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Comment:
-18.17 support