Rotuma

RIO.ASX - Technical Analysis

ASX:RIO   RIO TINTO LIMITED
1. Long-term uptrend as long it holds above its 200 moving average.
2. Share prices gapped down on 28-2-2018 from 80.79 and its still down trading at around 76.88 in today's session almost touching it's 200 moving average.
3. The next support is at around 76.17 if it fails to hold at this level then prices might fall further to around 75.24 support
4. A break-out above 77.96 resistance could see prices move up to close the price gap at around 80.56

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