Seasaw_markets

Rio tinto- time to mine it

Long
NYSE:RIO   Rio Tinto Plc
Rio tinto is one of my fav mining stock. The stock was beaten recently by bears but last friday made a powerful comeback with gap up opening and increased volume. Indicator look bullish. in my opinion rio will move up to 85 and then there is a gap and it will fill it. Also weekly chart looks bullish it is providing a good entry point at this price.

This is not a trading advice, opinion are for education and entertainment

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