Time to go long on Mining stocks. $RIO $BHP and $FMG all have bullish chart patterns in play for next month and early 2021.
on 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.
Materials 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...
NO BUY NOW The Time Is for selling RIO Will continue to decline next Week To 88 USD
In 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...
I 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.
lookin fwd to tomorrows open.
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.
ASX:RIO next target is 93.45 save that
RIO TINTO LIMITED i se after broken will go up more to 104
Rio 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...
Hello 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!
RIO - 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