As expected by otherson this post, RIO has traded up in London (up 13 = 0.9%) and is so far up in NY by $1.42 or 1.4%.
Current NY price equates to AUD34.82 which will support our local close of $35.85 yesterday and may see the punters try and push it up over $36.00 today.
However, recent price action in London and NY looks toppy for RIO with significant divergences between the highes of 15 Oct and 9 Dec and the corresponding RSI and MACD peaks of same dates also indicating declining momentum and a possible top.
I am also short RIO as of two days ago with an initial price target of $34 being the uptrend support connecting the August, October and November lows.
Regards,
Jaysee
alert watch ... next possible short entry ..., page-15
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Last
$119.83 |
Change
0.210(0.18%) |
Mkt cap ! $44.48B | |||
| Open | High | Low | Value | Volume |
| $120.07 | $120.83 | $119.58 | $109.7M | 913.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1400 | $119.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.85 | 729 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |