RIO 0.86% $119.63 rio tinto limited

help a newbie ?? where's rio, page-6

  1. 582
    692 Posts.
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    hi all
    nice open today compared with a drop of 1.71% overnight in the adr.
    closed gap already, could we see rio finish in the green today?, could be shorts closing out.
    we open right on the .618% extension fib 80.07 of this run down so there is some support at this level.
    the sp is still below the weekly fib support 81.34 and 81.10 because this is a weekly bar we need to see rio close above this level by close of trade friday before we can say this fib is broken.
    with the sp almost on the lower bollinger band on the weekly chart, walking the band on the daily chart and possible fib support, i for one will not be shorting rio today.

    have a good one.

    582


 
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