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Shares of Rio Tinto (RIO) have been struggling lately and have lost 14% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.
While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the fut...
>>> Read more: Rio Tinto (RIO) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the fut...
>>> Read more: Rio Tinto (RIO) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
