long term trend seems to indicate $40
the trend line that goes to about $95 is broken
seems to be a support around the $70
It was around $30 before the market fully factored in the growth in China in 2004
so I guess if you were to assume that the China story is over then you could say that the lowest it will go is $40 based on the long term trendline.
based on my comsec site chart
the yahoo chart seems to suggest $70
how low will rio go, page-9
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Last
$116.21 |
Change
2.460(2.16%) |
Mkt cap ! $43.13B | |||
| Open | High | Low | Value | Volume |
| $114.32 | $116.78 | $114.32 | $93.26M | 804.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $116.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.29 | 3512 | 2 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |