ptero1492

Rio2 - Initiated

Long
TSXV:RIO   RIO2 LIMITED
Long into the end of March, expecting a vacuum to test the longer-term gap, outlined in orange (base @CAD1.9) before re-test and resumption in late August.

Dates determined from COPX window, outlined in a previous post.

Constructive criticism welcomed.
Comment: Some warning signs appearing, channel broken and backtest complete. Down for now.
Comment: Waiting for a catalyst to re-establish a strong base above that upper band of volume defined resistance at .85
Comment: BT of the breach through the daily channel.. we may see a raid into the .58 area, a really strong support, I may average down into this area.
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