I agree it does look oversold but the prob is the charts are still indicating around $76 -$80 ish in the short term. Iron ore price isn't helping. Longer term it will be ok but still some volatility shorter term. Very difficult to buy into a falling knife. Time will tell.
Ann: Becoming a substantial holder, page-9
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Last
$124.27 |
Change
3.160(2.61%) |
Mkt cap ! $46.13B | |||
| Open | High | Low | Value | Volume |
| $123.61 | $124.65 | $123.05 | $175.4M | 1.414M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 88 | $124.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $124.28 | 1941 | 2 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |