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
As expected by otherson this post, RIO has traded up in London...
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Last
$121.54 |
Change
0.570(0.47%) |
Mkt cap ! $45.11B | |||
| Open | High | Low | Value | Volume |
| $120.60 | $122.45 | $119.85 | $149.8M | 1.230M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 65 | $121.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $121.56 | 1279 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| RIO (ASX) Chart |