Hi Gse ... chart below shows Fib study I did last year using the 52 week high as the start point.
The LONG at May04 was confirmed as RSI triggered oversold and we subsequently made nice green ... yum
The Fib study projected a possible 161.8% retracement at $42.50 which you confirmed.
The RSI has triggered again as overbought at this higher level ... I might SHORT on technicals here mindfull that there is a gap at $40.50 but against my gut instinct that tells me that RIO could still go higher.
Chart looks like this ...
Cheers ... apologies for the size of the chart.
This is only my view ... read the red stuff.
remmy , astoria, kman, acouch help please, page-4
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Last
$119.06 |
Change
-0.810(0.68%) |
Mkt cap ! $44.43B | |||
| Open | High | Low | Value | Volume |
| $119.50 | $119.75 | $118.56 | $41.74M | 349.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 231 | $119.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.06 | 60 | 4 |
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| Last trade - 12.18pm 11/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |