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RIO has been on a long down trend for 2 years and it currently on a downtrend the has been tested 4 times. We are forming a triangle since the year low at the end of August and the most recent low at the end of September.The last 2 weeks has been up but on generally very low volume. This would need to break up on high volume else I fear it will be a false break. I however think we will see another push down.[ATTACH]49326[/ATTACH]
RIO has been on a long down trend for 2 years and it currently on a downtrend the has been tested 4 times. We are forming a triangle since the year low at the end of August and the most recent low at the end of September.
The last 2 weeks has been up but on generally very low volume. This would need to break up on high volume else I fear it will be a false break. I however think we will see another push down.
[ATTACH]49326[/ATTACH]
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