RIO 1.26% $128.85 rio tinto limited

rio targets based on pure mechanical

  1. 9,485 Posts.
    lightbulb Created with Sketch. 1
    Rio has been very slow to fill the major top of what I consider range 2 .
    On a long term basis I had been figuring on 42.50 ish [give or take a little] note I've called this approx number in the past .

    I get next major resistance level between 41.56 - 41.79 plus the all time high is around there at 41.51 so watch that carefully as well .

    Up ranges in this leg off 31.98 are ;
    31.98 - 35.96
    34.60- 38.35
    35.70-39.63
    36.30-40.20
    37.81- ?

    The surprising thing is that we often witness only 4 uplegs [small ranges ] in the bigger picture which means the tops in but it just don't feel like it to me so will stick by the next set of numbers until I see last major swing low broken .
    cheers ge
    ps; dont trade my figs but thought the above worth pointing out plus it gives me bragging rights if I get a hit
 
watchlist Created with Sketch. Add RIO (ASX) to my watchlist
(20min delay)
Last
$128.85
Change
-1.640(1.26%)
Mkt cap ! $47.62B
Open High Low Value Volume
$129.49 $129.50 $128.16 $83.28M 647.1K

Buyers (Bids)

No. Vol. Price($)
7 186 $128.85
 

Sellers (Offers)

Price($) Vol. No.
$128.87 135 7
View Market Depth
Last trade - 13.30pm 01/05/2024 (20 minute delay) ?
Last
$128.99
  Change
-1.640 ( 1.17 %)
Open High Low Volume
$129.40 $129.50 $128.18 64796
Last updated 13.49pm 01/05/2024 ?
RIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.