RIO 0.68% $117.61 rio tinto limited

where will rio open and close today?, page-9

  1. 582
    692 Posts.
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    hi lianeisme.
    looks as if your 71.39 will not get hit today, but rio has broken the .382 fib resistance in this run up (daily chart)so next fib resistance is at 72.59.
    i have daily overbought at 71.03 (close to your target), so yes your 71.39 could be possible next week.
    4 hour chart looks to be forming a bearish divergence in the macd so a short pullback could be on the cards.
    will be interesting if the us market can finish the week in the green? often traders like to lock in any profits before the weekend.

    just my 2 cents worth.

    have a good one.

    582
 
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