Rio Tinto Limited (RIO.ASX)

13 February 2018


Technical Summary: Over the last 5 years it has been a “chart of 2 halves” for RIO shareholders. The first half was characterised by a slow moving down trend which culminated in a low at the beginning of 2016. Since that time fortunes for the stock has reversed and shareholders have found themselves in an uptrend. In the last year this uptrend has continued. The stock has been buyable on the “dip” when it returns to and shows strength off the 50 day moving average. With this logic the stock is buyable at the current juncture. Traders can use a stop loss if the moving average either flattens off or starts to trend downwards. Or traders could see meaningful and sustained break below the moving average as reason to get out. At the moment the stock is buyable.

Stock looks buyable off the 50 day moving average

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