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Tuesday, August 16, 2011

RIO - Bearish Structure. Triple Top

RIO - Weekly Candlesticks: "

via StockCharts.com"

Overview : Bearish Structure

Rio Tinto : Mining Conglomerate : Weekly Chart
. Triple Top
. Price/Stochs Bearish Trend Divergence
. Broken out of Trend Channel
. Prices went below 200Days Weekly MA. Currently just touching it.

Strategy :
Bearish Trade : Long Put

Stock appeared in MarketClub
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