RIO Tinto

Long @ 3125p
Stop 3050p.
Chart from yesterday.
uk.advfn.com/p.php?pid=chartscreenshotsh...i1w=&symbol=L%5EBDEV

Regards,
trendfriend.

This looks to have some strength atm, 1,2, 3 breakout if it gets above 3056p.

uk.advfn.com/p.php?pid=chartscreenshotsh...Is8Q=&symbol=L%5ERIO

Above the 20 & 50 day ema, and looks the rsi wants to break out as well...

Regards,
trendfriend.

Long @3130
SL is below todays low of 3070

This is looking interesting atm, and one to keep an eye on the time being. This is good trading share, volumes are good on this, and the movements fairly easy to call, i trade quite often, mainly shorting any rises, as i think this is has a mid term bearish set up.
This is weekly chart of Rio.
uk.advfn.com/p.php?pid=chartscreenshotsh...OPKU=&symbol=L%5ERIO

Now looking at this, it seems this is in a nice uptrend, and going long @ 3075p, would be the right trade??

However, if we go back a bit on the chart, we can see this has been, at best been in a range since Jan 2012. in fact its been making (albeit only slightlty) lower lows and lower highs since Jan 2012.
You can see what i mean here.
uk.advfn.com/p.php?pid=chartscreenshotsh...lE%3D&symbol=L%5ERIO

The next trade on here imo, is if this breaks below the trendline @ 3075p, if it does this should head towrds the support @ around 2500p imho, as i think the setup is bearish here, and has been for some time.

This is some way off that level atm, but this moves quickly, and i think this will be a good trade, so one to keep a eye on for now.
Regards,
trendfriend.

I'm short on this, it tested a trendline, and failed to hold above it.
This has a good run, and looks bearish imo.
uk.advfn.com/p.php?pid=chartscreenshotsh...jWxI=&symbol=L%5EGKP

A close up chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...giUs=&symbol=L%5EGKP

Regards,
Trendfriend.

from this weeks share tips
This should be a free trade now.


dl.dropboxusercontent.com/u/4899609/rio3rdjuly2014.png