RIO 0.91% $111.42 rio tinto limited

rio put's, page-13

  1. 426 Posts.
    I want to know what RIO will do TOMORROW!!
    I am expecting to see a tail down today, hopefully a swan dive to $32-00 or even $31-90 area. Then I can offload a swag of short term Puts and get some calls for a re-test of the high tomorrow and Friday. BUT, did the last psycho climb WAY overshoot the value that the earnings report can never support!? Thus nothing but DOWN to come!?

    If I ignore most factors external to chart, then DOWN is it. Miles of it. $2-40+ within weeks. But if they do the swan dive today, will they do a Retrace, or even Re-test of highs, tomorrow and Friday, thanks to the report. Before any longer term turn down starts.

    Surely many months of decline wasn't poorly judged value? And a bit of recent exchange rate gains and China sales wouldn't be enough to reverse much of it. Thus anything over about $31-00 is a bit rich. If not more like $30 or less appropriate really!
    So if the report tomorrow gives everyone a wakeup nudge, like it should, RIO should be moving back to reality quick smart!
    OR...will they still flare up temporarily on the excitement anyway?

 
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Last
$111.42
Change
1.010(0.91%)
Mkt cap ! $41.36B
Open High Low Value Volume
$111.86 $113.38 $111.37 $121.4M 1.083M

Buyers (Bids)

No. Vol. Price($)
1 273 $111.38
 

Sellers (Offers)

Price($) Vol. No.
$111.49 698 1
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Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
RIO (ASX) Chart
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