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Is RIO preparing for a move? NR7 shows up after climbing 1.46%
RIO closed up 1.46% on Friday, August 7th, with volume running 0.9× below average. consolidation patterns formed: NR7 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 100.63, 100.16 & 99.64, with resistance at 101.62, 102.14 & 102.61. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of RIO: A
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