Rio Tinto (RIO) Possible Cup & Handle Formation

Rio Tinto (RIO) just flashed a golden cross.

Rio Tinto (RIO)
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We can see is possibly forming a cup and handle pattern.

The key breakout area will be at the February swing highs.

For Reference

The golden cross (technical formation when the 50-day moving average rises above 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.