RIO broke to the downside today ( didn't bounce ) in terms of the lower trend channel line and the next major level of support is at $61. The long term uptrend line commenced Dec 08 at $32 and touching July 09 at $47.60 - extend that line to today and you'll find support around $61. It's also showing a horizontal line of previous resistance and support. It's also displaying a massive ascending triangle commencing early NOV of 08. What the means is there has been three significant touches at $78-$80 on the horizontal line with higer lows on the upslloping line ..starting at $32 then $47. Expect the trading range to consolidate after the $61 ( or there abouts ie. + - 2% - its not an exact science) is touched. Consolidation will involve testing $78/$80 some more times but on the pullbacks with higher lows with the trading range tightening. 2/3 of ascending triangles break to the upside / one third break to the downside.
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- no respect for trend channel
no respect for trend channel
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Last
$119.00 |
Change
-2.540(2.09%) |
Mkt cap ! $44.17B |
Open | High | Low | Value | Volume |
$120.56 | $120.69 | $119.00 | $216.2M | 1.800M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 130 | $118.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$119.13 | 1255 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30 | 118.990 |
1 | 8 | 118.970 |
2 | 335 | 118.950 |
1 | 84 | 118.940 |
1 | 220 | 118.900 |
Price($) | Vol. | No. |
---|---|---|
119.400 | 44 | 1 |
119.940 | 7 | 1 |
120.340 | 750 | 1 |
120.500 | 1360 | 2 |
120.890 | 83 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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