Rio Tinto mines basically everything, from silver, gold & diamonds, to uranium, lithium, copper & aluminum and everything in between. It's been trading in a tight range $60-65, since the November bottom out. Now, going into 2022, I think RIO is likely to be bullish next year, possibly after a temporary mini downside test. In any event, here's RIO critical price...
I've been waiting a long ass time for this thing to bottom, and it looks like it finally has. Both the daily and weekly look good, and it's above it's 50 SMA. The chart divergences illustrated also are positive. This is a very safe stock with very low volatility, high dividends, and an upside price of $90 if the market doesn't turn belly up. Even if it does,...
Since my longer term outlook is higher inflation than bond yields, I've been looking for stocks that should perform well in an inflationary environment. RIO is a cash rich stock in the mining and processing of minerals (iron ore, copper, gold, etc) that pays an 11% dividend. The charts appear to show a symmetrical triangle that broke out to the upside before...
There is a large stopping volume in the price zone marked on the chart. Taking into account the large volume swing on the declines and the lack of significant decline in the price, it means buying out sold shares. Accumulation is ongoing.
It looks like a huge triangle in Rio Tinto, it is 4000+ days of Triangle! so patience is key, however, I guess it is a good time to accumulate a position for the long term.
With current uncertainly www.commsec.com.au
following is a snippet from news:
1. Either way, Aussie investors are indirectly exposed to Evergrande through the Chinese property sector’s insatiable demand for iron ore. The price of the steel-making ingredient - Australia’s most important export - has already halved from record highs of around US$233 a tonne in...
RIO
very good and strong company.
very good dividends to enjoy.
take the right time to take positions.
that times arrived now.
i start buying dca and enjoy the next dividends.
probably with a good rise in stock price also!
Safe al!
Stone.
Rio Tinto Group is engaged in the exploration, extraction and processing of mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore and uranium. It also owns and operates open-pit and subway mines.
Revenue TTM 58B
Net Income TTM 18.7B
EBITDA TTM 31.9B
Cash TTM 14B
Net Margin TTM 32.2% EBITDA...
Start of this selling cycle was just prior to the ex-dividend date which resulted in a sizable drop in price.
Then RIO came under more selling pressure re headline news and Afghanistan.
Looks like it might have some support around $68 but also note that's it's currently resting on the lower limit of the YTD linear regression band.
Worth adding to your watch...
This one will be a complete technical analysis.
Starting point ->>> support lines 73.50$
- 72.64$ Stopploss
- 75.40$ 1. Target
- 81.05$ 2. Target
Buying reasons
-2 support lines 74.17$+73.50$
-daily: RSI oversold (30 area) + MACD tendencies for a countermovement
Selling points
-weekly+monthly MACD indicates sell down
-weekly+ monthly RSI indicates...
Since there was such an overwhelming interest in weird things I find in gauging the market....I made this video that breaks down 4 stocks that I used Past Trend prediction on and paired it with Key Code to show confluence on these stocks going Up. Keep in mind these are 2 different paths from 2 different time periods and completely different moves altogether. If...
1. Bullish new 2. Bullish MACD 3. RSI is not in the overbought area 4. Performance +10% month +30% half 5. 0-5% below 50 day high 6. Price above 20 and 50 day SMA 7. Positive momentum
