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
$120.99 |
Change
-0.180(0.15%) |
Mkt cap ! $44.91B | |||
| Open | High | Low | Value | Volume |
| $121.52 | $124.12 | $117.14 | $437.7M | 3.621M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28 | $120.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.99 | 2912 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |