re: rio pattern Morning Rondog,
I am under no illusions that RIO is in a downtrend as you mention with the rounding top pattern.
There is gaps to fill as low as 28.55, so eventually I wouldn't be surprised to see the price back at that level.
However, a stock does not fall immediately to that price. It has rallies, as can be witnessed by the channel I posted yesterday.
I am only interested in catching the quick bounce with ETO,s. Now this strategy is not for everyone, I am not about to recommend that RIO is a buy and hold. But for option players ther may be a chance to profit from a short term upswing.
Regards
Commy
re: rio pattern Morning Rondog,I am under no illusions that RIO...
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Last
$120.31 |
Change
0.940(0.79%) |
Mkt cap ! $44.81B | |||
| Open | High | Low | Value | Volume |
| $120.37 | $120.90 | $119.16 | $103.0M | 852.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 129 | $120.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.30 | 127 | 10 |
View Market Depth
| Last trade - 14.32pm 11/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |