RIO 0.17% $125.96 rio tinto limited

has rio topped out for now?, page-16

  1. 768 Posts.
    re: correction to text Hi Commy

    a good way to interpret RIO was to overlay the daily and monthly stochastics against each other. Then you get a longer term trend and you know when to buy the dips or sell the peaks. ATM i think that the monthly stoch and the daily stoch are looking a little overbought, hence me going short - only a VERY small position. Will see what happend this week. With the divi coming out on the 11/8 the whole movement may be erratic. Will get a good gauge today i guess.

    Kman
 
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