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Is RIO gathering momentum? Narrow Range Bar shows up after gaining 1.17%
RIO finished higher by 1.17% on Friday, July 10th, trading 0.9 times its typical volume. Narrow Range Bar — typically a warning sign for traders — developed during the session. Key support levels exist at 90.15, 89.76 & 89.29, with resistance at 91.0, 91.47 & 91.86. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of RIO: D
This might just be the start. See what else showed up for RIO today.
Read full article here »