This does not look very encouraging. Far from the 200 dayline and has left the bollinger band down.
In my opinion Rio will recover because resources are still in demand.
IRON AND STEEL
RIO-BHP JV
Rio Tinto shows the Chinese how 21st century capitalism works
The Chinese may be an emerging economic superpower, but when it comes to grasping the way early 21st century capitalism works, they have a great deal to learn, according to Neil Collins.
Author: Neil Collins*
Posted: Wednesday , 17 Jun 2009
http://www.mineweb.com/mineweb/view/mineweb/en/page39?oid=85068&sn=Detail
This does not look very encouraging. Far from the 200 dayline...
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Last
$120.12 |
Change
0.500(0.42%) |
Mkt cap ! $44.71B | |||
| Open | High | Low | Value | Volume |
| $120.07 | $120.83 | $119.79 | $42.51M | 353.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 339 | $120.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.12 | 58 | 4 |
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| RIO (ASX) Chart |