Rio Tinto

Rio Tinto

1 December 2017, 10:28
Dragan Drenjanin
0
31

Rio Tinto: the upside prevails.




Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

  • Pivot: 68.30
  • Our preference: long positions above 68.30 with targets at 75.20 & 78.00 in extension.
  • Alternative scenario: below 68.30 look for further downside with 65.20 & 62.00 as targets.
  • Comment: the RSI lacks downward momentum.
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