I invest on fundamentals not charts. RIO travelling around a 10-11 forward PE.
Aud depreciating. Iron ore is still strong. Cash cow.
Market is saying that a commodities correction is coming.
We’ve held these for many decades. Topped up again recently, will continue to hold those too.
RIO is thinly traded. Moves up and down a lot. Commodity stocks tend to be more volatile than general market anyway. Diversify and you’ll sleep at night.
$70, page-54
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Last
$113.66 |
Change
-3.880(3.30%) |
Mkt cap ! $42.19B | |||
| Open | High | Low | Value | Volume |
| $115.00 | $115.33 | $113.46 | $213.5M | 1.873M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $113.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $113.99 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |