re: rio pattern Morning Rondog,
I am under no illusions that RIO is in a downtrend as you mention with the rounding top pattern.
There is gaps to fill as low as 28.55, so eventually I wouldn't be surprised to see the price back at that level.
However, a stock does not fall immediately to that price. It has rallies, as can be witnessed by the channel I posted yesterday.
I am only interested in catching the quick bounce with ETO,s. Now this strategy is not for everyone, I am not about to recommend that RIO is a buy and hold. But for option players ther may be a chance to profit from a short term upswing.
Regards
Commy
targets, looks sick, page-13
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Last
$120.20 |
Change
-0.420(0.35%) |
Mkt cap ! $44.62B | |||
| Open | High | Low | Value | Volume |
| $120.57 | $121.00 | $119.65 | $202.9M | 1.682M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4351 | $120.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.20 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$120.24 |
Change
-0.420 ( 0.27 %) |
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| Open | High | Low | Volume | ||
| $120.73 | $120.99 | $119.66 | 172376 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| RIO (ASX) Chart |