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RIO – Rio Tinto Ltd

These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use

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Code:	Company Name:	Sector:	Size:	Confirmed Trend:
  RIO	  Rio Tinto Ltd	  Materials	  ASX Top 20

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Commentary:

Rio Tinto first made a trend line entry at either $40.00 or $50.00, depending on whether or not you used a steeper trend line which was available.

As RIO works well with trend lines, you could use two closes below the up trend line on a weekly chart as a sign the medium term trend has reversed.

Click the chart below to enlarge:

 

Previous Trend Changes:

Nil

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February 4, 2010  Tags: ASX, invest, Market Watch Weekly, RIO, stock market, stock market trend, trade, trend  Posted in: Research On Australian Stock Trends

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