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MajorBitcoinPayne

Low risk high reward set up for RIO

Long
Rio Tinto Plc (NYSE:RIO)  
MajorBitcoinPayne  
NYSE:RIO   Rio Tinto Plc
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
After a successful bump and run reversal, RIO has now confirmed a large inverse head and shoulders formation. At the moment we are re-testing the broken resistance that should now act as support, making it a low risk high reward trade set up.

Buy in now at 57.93 Stop loss at 55.50

First target $93
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