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.
I invest on fundamentals not charts. RIO travelling around a...
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Last
$119.38 |
Change
1.900(1.62%) |
Mkt cap ! $44.16B | |||
| Open | High | Low | Value | Volume |
| $119.20 | $120.17 | $118.54 | $74.56M | 624.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 140 | $119.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.39 | 199 | 10 |
View Market Depth
| Last trade - 12.48pm 01/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |