Chart Watch 2009-02-07
Saturday, February 7, 2009
RIO - RIO Tinto
Recently broken trend-line dating back to September 2008.
Broken through 50-day moving average
Volume increasing past couple of weeks
Short term support around $36.30
What for RIO to close above $46.93. A close above this could indicate a move up towards resistance of around $60.00
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