Rio Tinto mining

NYSE:RIO   Rio Tinto Plc
Rio Tinto mines basically everything, from silver , gold & diamonds, to uranium, lithium, copper & aluminum and everything in between. It's been trading in a tight range $60-65, since the November bottom out. Now, going into 2022, I think RIO is likely to be bullish next year, possibly after a temporary mini downside test. In any event, here's RIO critical price levels going forward.

P/E = 5.743
Div / Yld = 10.338
52 week H = $95.97
52 week L = $59.58

Price levels 3 day chart:
SMA200 = $65.19
SMA150 = $69.27
SMA100 =$75.97
SMA50 =$73.90

Trend channel 3 day chart:
breakout = $73.98
R3 = $71.43
R2 = $68.87
R1 = $66.32
pivot = $63.77
S1 = $61.22
S2 = $58.67
S3 = $56.12
breakdown = $53.57

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification


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