RIO 0.40% $120.97 rio tinto limited

getxyTend to think there will be further falls.Could see a...

  1. 280 Posts.
    getxy

    Tend to think there will be further falls.
    Could see a bounce tonight but the market wants a breather and more evidence of a sustainable global economic recovery needs to surface before valuations will increase.
    Sentiment seems to be cooling off also.
    Don't know if people are prepared to chase this market any higher ATM.
    XAO chart shows signs of this.

    Have been short RIO since 34.6 levels, out this morning and watching for general market strength or weakness.
    XAO UP 5 due to the banks. See how the afternoon pans out.

    Now having said all that the market may pick me up and slam me down. TWICE.

    Just my thoughts.

    Cheers
 
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Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
RIO (ASX) Chart
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