RIO 2.83% $103.18 rio tinto limited

potential short when dow stalls ??

  1. 5,816 Posts.
    Hmmm... there are a number of potential SHORTS in the charts, all subject to movement in the DOW next week ... early birds will profit here.

    Chart shows recent strong uptick ready to stall yet again at resistance level and Fib(50%) at $33.70.

    Confirmation required due to possible strong positive day Monday due to Friday DOW ... look for weakness following this.

    RIO is a standout IMHO as a potential SHORT and chart looks like this ...

    Cheers ... tight stops.

    This is only my view ... read the red stuff.
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Last trade - 16.10pm 24/01/2020 (20 minute delay) ?
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RIO (ASX) Chart
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