I agree it does look oversold but the prob is the charts are still indicating around $76 -$80 ish in the short term. Iron ore price isn't helping. Longer term it will be ok but still some volatility shorter term. Very difficult to buy into a falling knife. Time will tell.
Ann: Becoming a substantial holder, page-9
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Last
$123.68 |
Change
-2.360(1.87%) |
Mkt cap ! $45.91B | |||
| Open | High | Low | Value | Volume |
| $124.03 | $124.31 | $121.86 | $320.7M | 2.615M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3082 | $123.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $123.76 | 3044 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |