RIO 0.86% $119.63 rio tinto limited

bought into rio today, looks cheap on pe basis, page-2

  1. 582
    692 Posts.
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    hi huninni.
    good luck with your long. yes i also think rio is cheap when you look at the PE ratio.
    what is your target price?
    sp is holding up well here in aus, only down 1.6%, the adr dropped 3.09%.
    there is some fib support at 79.31, under that lots of support at 77.38 and 76.31.
    we could see a jump off the lower bollinger band on the weekly chart some time next week.
    could we close the gap today, as with bhp, that is a big ask.

    have a good one.

    582
 
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