re: rio pattern Morning Rondog,
I am under no illusions that RIO is in a downtrend as you mention with the rounding top pattern.
There is gaps to fill as low as 28.55, so eventually I wouldn't be surprised to see the price back at that level.
However, a stock does not fall immediately to that price. It has rallies, as can be witnessed by the channel I posted yesterday.
I am only interested in catching the quick bounce with ETO,s. Now this strategy is not for everyone, I am not about to recommend that RIO is a buy and hold. But for option players ther may be a chance to profit from a short term upswing.
Regards
Commy
targets, looks sick, page-13
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Last
$130.02 |
Change
-0.210(0.16%) |
Mkt cap ! $48.26B | |||
| Open | High | Low | Value | Volume |
| $130.94 | $131.21 | $129.90 | $156.2M | 1.199M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2769 | $130.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $130.08 | 316 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$130.03 |
Change
-0.210 ( 0.16 %) |
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| Open | High | Low | Volume | ||
| $130.91 | $131.19 | $129.91 | 100434 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| RIO (ASX) Chart |