I'm short on resources (as of yesterday and today). They have had a strong run up. Both are in overbought territory. RSI and stochastics where triggered on BHP today. Stochastic triggered on rio today.
Gap down also signals a strong reversal IMHO.
I don't think that RIO will be supported by its resistance level that has been present since August last year. If it does break down i think that 33.5 will be the ultimate outcome.
chart for you to have a look at
I'm short on resources (as of yesterday and today). They have...
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Last
$121.11 |
Change
1.480(1.24%) |
Mkt cap ! $44.95B | |||
| Open | High | Low | Value | Volume |
| $119.31 | $121.35 | $118.98 | $126.4M | 1.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 211 | $121.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $121.12 | 833 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |