a cyclical mining giant, finding it hard to find a long term (5-10 year) negative on RIO. even if there is deflationary pressures this is so cheap on so many metrics. - Paid down alot of debt. - Current div yield of 10.4% - ROIC long term mean of 13% (+ div of 5ish?) = 18% ROIC - Current ROIC with inflationary pressures = 26% + 10% div?! - Trading at a current PE...
Good morning all!! On RIO we are in an uptrend but as we see on the chart at the breakout of the support line and if we have also a large volume you can sell.!!!
As we can see from the chart right here , recently we have seen a strong push to the upside with the changing of market structure creating higher high in the market . price has finally broke the structure and we can expect a retest back to the demand area as i have marked the circle right there , few confirmations that we can take , is retest to the 50% fib area...
strong upside from 2018 mirroring 2004-2008 run, $122 good entry, exit $146 ,20% profit, does seem to be in a bearish expanding wedge pattern, would be watching for a massive retrace down to $110
high probability of going up,keep your investment if you are a buyer
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...
Who would have thought it?! Rio Tinto is faster than the police or the Söder allows. The shares simply do not respect the boundaries of the restrictions and cross the borders. That is forbidden, after all in Germany. In this case, Rio Tinto is making a statement with a new all-time high and thus for me an superior ongoing wave 3. With 4.8% p.a. Dividend yield one...
It will go down till the support line after that it may create a channel. On support BUY and than wait :)
Breaking the resistance means confirming the continuation of the rise If he could not penetrate it, he would collapse
Tex book inverted head and shoulders pattern on Rio. Strong close on a Friday with increased volume. Implied target is $159.82
Time to go long on Mining stocks. $RIO $BHP and $FMG all have bullish chart patterns in play for next month and early 2021.
NO BUY NOW The Time Is for selling RIO Will continue to decline next Week To 88 USD
stock has been accumulating on the hourly with a burst of volume coming in on the close. I bought some on the close. I'll be looking for more above $100/102 tomorrow. Up over 2.5% in London trade.