IO and most commodities languishing a bit. Taking RIO sentiment down with it. RIO chart looking like a good setup for a swing trade. A bounce off the 50 Day EMA and previous higher high. Lets see...
I have a similar story with FMG. Having lived through the highs and downright collapse of Anaconda. I was very conservative in my FMG sizing. FMG at $3.80 (later half of the 2018 FY) was not a bargain. I was waiting for $2.80 and the chart would have looked like the juiciest inverse H&S if it materialised. Definitely would have justified the giant move since. The buyback kept it of the $2.80 lows. 2018 Seems like a long time ago now...
Tell you what though. I did not make that same mistake when FMG pulled back to $14 (from $26.50) 2021.When an opportunity presents itself you really just have to take it.
IO and most commodities languishing a bit. Taking RIO sentiment...
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Last
$129.24 |
Change
0.140(0.11%) |
Mkt cap ! $47.97B | |||
| Open | High | Low | Value | Volume |
| $129.39 | $130.12 | $129.10 | $161.2M | 1.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1657 | $129.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $129.25 | 3722 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$129.44 |
Change
0.140 ( 0.14 %) |
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| Open | High | Low | Volume | ||
| $129.45 | $130.13 | $129.10 | 165369 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| RIO (ASX) Chart |