#RIO# chart shows a series of higher lows and higher highs since mid-June, suggesting a short-term bullish trend.
There isnt really enough price history so I will give a general TA overview.
The recent breakout above the $RIO $0.32–$0.34 consolidation area implies bullish momentum.
Recent Pullback:
Price spiked to $0.43 but pulled back quickly. This indicates profit-taking or rejection near short-term resistance.
The current price around $0.34 is stabilizing just above the previous breakout zone.
Structure:
If the $0.32–$0.34 range holds as support, this pullback could form a bullish flag or