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RIO forms NR7 on August 7
RIO posted a 1.47% gain on Friday, August 7th, accompanied by 0.9× normal trading volume. consolidation patterns formed: NR7 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 100.63, 100.15 & 99.62, with resistance at 101.64, 102.17 & 102.65. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of RIO: B
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