RIO 1.31% $134.09 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
$134.09
Change
-1.780(1.31%)
Mkt cap ! $49.77B
Open High Low Value Volume
$135.15 $135.26 $133.71 $165.3M 1.231M

Buyers (Bids)

No. Vol. Price($)
1 593 $134.08
 

Sellers (Offers)

Price($) Vol. No.
$134.09 127 1
View Market Depth
Last trade - 16.10pm 21/05/2024 (20 minute delay) ?
Last
$134.07
  Change
-1.780 ( 1.36 %)
Open High Low Volume
$135.15 $135.25 $133.74 196708
Last updated 15.59pm 21/05/2024 ?
RIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.