Technical Analysis Rio Tinto ASX:RIO (Bullish)

Rio Tinto (ASX:RIO) is a mining company who produce materials that are essential to life and progress. Iron ore, aluminium, copper and more. With operations and offices across 35 countries, Rio Tinto aim to create sustainable and superior value for shareholders. In 2018, Rio Tinto also became the only major mining company to stop producing fossil fuels, including coal, in an effort to be part of the solution to climate change.


  • Strong rebound from newly formed support zone
  • Three white soldiers pattern recently formed, looking to form another after tomorrows trading, indicating a buy signal
  • MACD now trending above MACD (EMA) also indicating a further buy signal

Chart Legend

Red/Yellow – MACD

Blue – MACD (EMA)

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