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
Add RIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$133.50 |
Change
-2.670(1.96%) |
Mkt cap ! $49.55B | |||
| Open | High | Low | Value | Volume |
| $133.87 | $134.18 | $132.49 | $163.8M | 1.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2001 | $133.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $133.54 | 86 | 1 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$133.05 |
Change
-2.670 ( 2.48 %) |
||||
| Open | High | Low | Volume | ||
| $133.79 | $134.15 | $132.49 | 85930 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| RIO (ASX) Chart |