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RIO TINTORIO TINTORIO TINTO

RIO TINTO

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RIO/N trade ideas

RIO let's look behind the graph.RIO let's look behind the graph. The future of RIO TINTO looks good. Near Loznica in western Serbia, a mineral containing a significant percentage of lithium and boron was discovered in 2004, named Jadarite, after the Jadar River, in whose valley it was found. The first exploration of jadarit began with the multinational company Rio Tinto, which soon established a subsidiary called Rio Sava Exploration. According to the company, the total reserve of jadarit in this part of Serbia is about 136 million tons, but optimistic estimates that it could be as high as 200 million tons. Rio Tinto has launched the so-called “Jadar project,” in which it has invested about $ 200 million so far, but the total investment in the excavations and opening of the mines could reach $ 1.5 billion. Representatives of both the company involved and the Serbian state have indicated that extraction should start in 2025 at the latest. Source: Private banker The future value of the mined mineral layer could reach $ 300 billion. But what the technical analysis shows. The RIO price level has exited the accumulation phase that has been going on for many years and is preparing for a significant rise. It can also be seen that a fractal copy can take place over a period of months, so the long-term goal can reach 300 usd. Buying this stock may be ideal for investors who are thinking for a longer period of time.
Editors' picks
NYSE:RIOLong
by meszaros
Rio Tinto Turns Long-Term Resistance into SupportMaterials have quietly outperformed in the last three months as the global economy recovers. Last week’s numbers somewhat confirmed that trend, with strong job gains in areas like construction and factories that can boost materials demand. Perhaps even more important, Chinese manufacturing data (PMIs, profits) were strong across the board. Today’s idea fits into that global-recovery narrative: London-based metals and mining giant Rio Tinto. RIO has had a lost decade since the 2008 financial crisis, drifting sideways as the Nasdaq moved from the lower left to the upper right. However the chart may be presenting an opportunity for investors with a glass-half-full view of the global economy. First, RIO is holding $60 – a peak multiple times in 2012, 2013, 2014, 2018 and again last January. That could mean old resistance is becoming new support. Second, the price action ever since July has been very tight as it grinds above that line. At other times, like April 2019 and June-July 2019, RIO tested over $60 and failed. This time, it’s held and only closed under that level once (last Thursday, October 1). Finally, RIO had a bullish engulfing candle on Friday (lower low and higher high) following that false breakdown. All of those points may suggest the downside forces are exhausted at a time when the macro backdrop could be improving. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:RIOLong
by TradeStation
RIO still looking good at new highsIn our Flight Path newsletter on Monday, we looked at Rio Tinto as a option for capturing any return from the upside potential of Gold prices. 
We noted that Gold, while still in a “Go” trend, has been consolidating sideways and has experienced an extreme GoNoGo Squeeze. Gold hasn’t moved much this week, but we still see that it is in a renewed Go trend and so the environment is still technically bullish. See comments for Gold chart. RIO saw nice price action at the beginning of the week that allowed it to consolidate above prior resistance on heavy volume, with the GoNoGo Oscillator breaking significantly above zero. For these reasons, the idea that RIO may move higher with any market volatility that drives the price of Gold higher is still in play.
NYSE:RIOLong
by GoNoGoCharts
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