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:
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the first idea was the wright one
rsi made a seklling signal now
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i think the test of the resist will be sold first...watch the rsi!
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