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...
Rio going long at the 100ma, stoch rsi and rsi oversold and A/D line continues to rise
Pattern recognized: Running flat Elliot Correction Wave. Thesis: Bullish sentiment. Conclusion: Look for LDC between 1 and 5 min. My strategy: MEWT (MODIFIED ELLIOT WAVE THEORY). ***This does not constitute financial advice.***
On a technical level, a Bullish Cypher Pattern is being formed with a target in the 5,200 area, which respects the Fibonacci dynamics. You can see important support at 5,800 as the MM200 passes. Monitor closelyr the developments in prices on metals.
I am bullish on Rio Tinto, like on all miners. But right now, it is overbought and hope get price around 75$ to 80$ after a draw down...
- Metals bull cycle is starting... 5+ years IMO - Cyclical bottom has been found in certain PM markets - 90T USD Smart City plan being pushed... They will need raw materials to fuel the next bubble. You haven't seen anything yet. - Company is poised to dominate, partnering with Palantir and incorporating blockchain technology - Good dividend stock that will move...
Who would have thought it?! Rio Tinto is faster than the police or the Söder allows. The shares simply do not respect the boundaries of the restrictions and cross the borders. That is forbidden, after all in Germany. In this case, Rio Tinto is making a statement with a new all-time high and thus for me an superior ongoing wave 3. With 4.8% p.a. Dividend yield one...
It will go down till the support line after that it may create a channel. On support BUY and than wait :)
It looks like time to rest for RIO because 2011 high is enough resistance to correct the chart. Company earnings and copper, iron ore prices aren't reached 2011, and that new covid cases will help for its correction.
RIO let's look behind the graph. The future of RIO TINTO looks good. Near Loznica in western Serbia, a mineral containing a significant percentage of lithium and boron was discovered in 2004, named Jadarite, after the Jadar River, in whose valley it was found. The first exploration of jadarit began with the multinational company Rio Tinto, which soon established a...
Breaking the resistance means confirming the continuation of the rise If he could not penetrate it, he would collapse
Tex book inverted head and shoulders pattern on Rio. Strong close on a Friday with increased volume. Implied target is $159.82
I wonder how many pension fund managers with their billions are watching this right now. Giant inverse head and shoulders