long term trend seems to indicate $40
the trend line that goes to about $95 is broken
seems to be a support around the $70
It was around $30 before the market fully factored in the growth in China in 2004
so I guess if you were to assume that the China story is over then you could say that the lowest it will go is $40 based on the long term trendline.
based on my comsec site chart
the yahoo chart seems to suggest $70
how low will rio go, page-9
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Last
$110.41 |
Change
2.060(1.90%) |
Mkt cap ! $40.60B | |||
| Open | High | Low | Value | Volume |
| $109.22 | $110.41 | $108.55 | $128.8M | 1.171M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 199 | $110.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $110.41 | 3397 | 2 |
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| RIO (ASX) Chart |