re: rio pattern Everybody seems keen to only see what they think they should be seeing.
Whats wrong with the simple rounding top?
It began in July 03, peaked on 6 Jan 04 and should come to an end in June 04.
Only a break and consolidation above $34.50 between now and June will bring this rounding top to a premature end.
I expect to see a June low of around $30.85 before the start of new rally into July.
I have no doubt that many readers will ignore this post.
I dont mind.
But if you are interested in learning how to read charts properly and in particular, reading rounding tops, check out books by Meani, Guppy, McGee etc
targets, looks sick, page-12
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Last
$132.50 |
Change
-1.000(0.75%) |
Mkt cap ! $49.18B | |||
| Open | High | Low | Value | Volume |
| $132.40 | $132.68 | $131.51 | $144.8M | 1.096M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2444 | $132.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $132.54 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$132.36 |
Change
-1.000 ( 0.57 %) |
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| Open | High | Low | Volume | ||
| $132.30 | $132.67 | $131.58 | 166796 | ||
| Last updated 16.00pm 24/05/2024 ? | |||||
| RIO (ASX) Chart |