Go Long on Mining Stocks $RIOTime to go long on Mining stocks. $RIO $BHP and $FMG all have bullish chart patterns in play for next month and early 2021. Longby johninvest172
3hr chart 89 & 144sma support & breakouton the 3hr chart for RIO we have seen strong support and resistance on the 89 & 144SMA. Recent strong breakthrough and confirmation of support looks for strong breakout.Longby FriendlyFibonacci67650
Rio Tinto Turns Long-Term Resistance into SupportMaterials have quietly outperformed in the last three months as the global economy recovers. Last week’s numbers somewhat confirmed that trend, with strong job gains in areas like construction and factories that can boost materials demand. Perhaps even more important, Chinese manufacturing data (PMIs, profits) were strong across the board. Today’s idea fits into that global-recovery narrative: London-based metals and mining giant Rio Tinto. RIO has had a lost decade since the 2008 financial crisis, drifting sideways as the Nasdaq moved from the lower left to the upper right. However the chart may be presenting an opportunity for investors with a glass-half-full view of the global economy. First, RIO is holding $60 – a peak multiple times in 2012, 2013, 2014, 2018 and again last January. That could mean old resistance is becoming new support. Second, the price action ever since July has been very tight as it grinds above that line. At other times, like April 2019 and June-July 2019, RIO tested over $60 and failed. This time, it’s held and only closed under that level once (last Thursday, October 1). Finally, RIO had a bullish engulfing candle on Friday (lower low and higher high) following that false breakdown. All of those points may suggest the downside forces are exhausted at a time when the macro backdrop could be improving. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.Longby TradeStation2
I Recommend SELLING !NO BUY NOW The Time Is for selling RIO Will continue to decline next Week To 88 USD by ALAOUAL4
RIO still looking good at new highsIn our Flight Path newsletter on Monday, we looked at Rio Tinto as a option for capturing any return from the upside potential of Gold prices. We noted that Gold, while still in a “Go” trend, has been consolidating sideways and has experienced an extreme GoNoGo Squeeze. Gold hasn’t moved much this week, but we still see that it is in a renewed Go trend and so the environment is still technically bullish. See comments for Gold chart. RIO saw nice price action at the beginning of the week that allowed it to consolidate above prior resistance on heavy volume, with the GoNoGo Oscillator breaking significantly above zero. For these reasons, the idea that RIO may move higher with any market volatility that drives the price of Gold higher is still in play.Longby GoNoGoCharts110
RIOI dont typically buy large companies but this one has all my favorite commodities in one package. Gold, copper, uranium and a host of other bullish metals.Longby etfsandstuffUpdated 2
RIO building, commodities strongg.stock has been accumulating on the hourly with a burst of volume coming in on the close. I bought some on the close. I'll be looking for more above $100/102 tomorrow. Up over 2.5% in London trade.Longby Hodgo6
Rio Tinto limited (australia) is for sell right nowASX:RIO next target is 93.45 save thatShortby Samir-Amieur0
Rio Tinto Ltd(RIO) extended its flight from last Friday's tradesRio Tinto Ltd(RIO) extended its flight from last Friday's session and burst through 94.48 resistance level at the beginning of trades. It has cruised through to another critical point with massive volume at 96.95 at the time of writing. It may have accomplished its daily target up by 4%. The next level to watch is around 98.55 and 99.64. Share prices might retrace to 96.00 before it progresses to the upside. by Rotuma4
BUY to RIO TINTON ADR EACH REP 1 ORD at market enteringHello traders,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. RIO TINTON ADR EACH REP 1 ORD is in a very important moment, if it exceeds half of the range it could break from above. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd3
RIO - Massive volume breakoutRIO - Massive volume breakout Surged in Ion Ore prices has lifted prices in today's session with a huge price gap to the upside. Target 1- 51.90, target 2 - 52.50, target 3 - 53.25, target 4- 54.55 Support at 50.60 and 49.80 by Rotuma3
Bouncing between two resistance linesIt looks like RIO can't make up its mind at the moment from hitting a VERY long term resistance line at the top and a short term one underneath. I think whichever line it breaks meaningfully first might decide which way it goesby unrqbt5
Rio Tinto - Approaching strong support at 2650Rio Tinto - Approaching strong support at 2650by darkhorse0072
Long Rio Tinto? $RIOBreaking out today or this week? Price level to watch $98.18Longby johninvest17Updated 7
The Potential For a Great short...Could be a large Zig-Zag correction forming here I have the zones marked for the B and C leg and a trend line up to monitor for a break...basically we're looking for failure in the B box which we're currently in and to break down below our rising trend line for the potential of this move to play out.by Swoop66