Trade of the Month - RIO earning

stock quote : RIO (RIO TINTO ADR)
earning release : Full Year Result (Feb 9, 2012 Thursday)
current technical : Heavily Overbought
earning expectation : in-line earnings is expected to trigger "sell-the-news" trades. only much-better-than-expected earnings can lift the share price into the new trading zone 65-75 range.

To Short

If $65 resistance holds.
Target $57-55
Stop-loss $68+

To Long

If $65 resistance is decidely broken following blow-out earnings
Target $72-74
Stop-loss $62-

Chart

RIO (ADR) Daily Chart

Good luck!