I didn't even want to contemplate RIO weekly reversal bar last week says something about my continue bearish stance in the current cycle. It is nothing personal but those contemplating buying should understand the risks of holding without a stable IOP.
When the trend is so bearish it is all about a fighting chance for the company. We each have our own reasons for our views and hope is not one in a counter trend investment usually reserved for a bullish trend investment.
They are a few here who understands optimizing operations and clearly this is what they are doing. It is not sustainable in the long run but short term it can window dress the financial which management is doing. The figures published are not fake. They are genuine in general terms but I think they market does not think they can keep up the financial in a linear fashion.
I didn't even want to contemplate RIO weekly reversal bar last...
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |