This week, Rio Tinto Plc
tested the lower bound of the trend at USD 41, with a bullish engulfing candlestick
pattern shaping up at the end of the week. This is a strong signal pointing to the beginning of movement toward the upper bound of the trend at USD 56-58. Notably, there are no divergences in the RSI
, and downward movement may occur, which may be used for buying.