Ken53
I am also looking for a derivative play on a bounce but I would not be entering today, try running a 150EMA it has found support in the past also seems to have a similar peak trough pattern to previous support. RIO has tagged the bottom bollinger band but has not decisively closed beneath it, also more volume traded at 3400 - 3500 range in the last 6 months than 3550. I would watch closely for intraday close of strength especially in late afternoon, no sign of intraday strenght in my assessment. Do your own research in TA best long term bet.
Regards RM
$35.50 bottom, page-4
Add RIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$123.31 |
Change
1.650(1.36%) |
Mkt cap ! $45.77B | |||
| Open | High | Low | Value | Volume |
| $123.90 | $124.47 | $122.50 | $208.3M | 1.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1271 | $123.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $123.35 | 786 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |