yes, is quite brutal. I sold the open and rebought back at 61.77. Seems we want to test A$61 now. On the charts that is the next support. A$60 on the chart seems to hold nothing of significance so suspect if gets there it won't offer much support. Major support after that is A$59.
Strange to see as BHP holding up quite well by comparison.
Looking at consensus target prices there has been no downgrades or adjustments to target prices. Consensus TP is A$71.57.
As I type this I see we have just rallied in last 5 minutes from A$61.43 to A$62.00 - so maybe there is some hope after all
Brutal sell-off, page-4
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Last
$118.24 |
Change
-2.750(2.27%) |
Mkt cap ! $43.89B | |||
| Open | High | Low | Value | Volume |
| $119.62 | $120.11 | $116.68 | $315.0M | 2.660M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 260 | $118.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $118.25 | 7098 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |