TipTVFinance

Rio Tinto – Inverse H&S breakout on weekly

LSE:RIO   RIO TINTO PLC ORD 10P
Rio Tinto weekly chart shows inverse head and shoulder breakout, although subsequent rise has been capped repeatedly around 2550 levels.

On the daily chart , both the RSI and money flow index suggest increasing bearish pressure on prices.

Hence, we could a minor drop to 2390-2350 area.

However, overall view stays bullish unless the weekly close is below neckline support level .

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out