RIO Broke down through resistance this week. Will likely retest 51. I am guessing we will see new ATH around 125 in a couple years when China starts building again.
RIO Small rebound in the stock looks like options positioning to me, still bearish on the stock for now given the commodity price for its products are weak. Look forward to earnings report and would be happy to wrong:) happy trading
RIO Tinto - hoping it wont break out so can add more if it hits supports (already second biggest position). Not financial advice - do your own due diligence.