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
$121.00 |
Change
1.420(1.19%) |
Mkt cap ! $44.91B | |||
| Open | High | Low | Value | Volume |
| $120.30 | $123.78 | $119.52 | $163.5M | 1.349M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 216 | $120.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $121.15 | 894 | 1 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |