Looking at the daily charts (which are my new favourites at the moment). If you look at the volume oscillator since the crash it has been low all the time except of two occasions recently, which at the same time being overbought on the Stoch RSI and yet the price was still going up all the time. I'll just leave this quote here from Investopedia
"It is important...
Just noticed this on the daily charts. If you ignore the complete breakdown on the crash. The channel is almost perfect. Every single point os being hit right on the marks.
Keen to get some other thoughts
I've seen a lot of people talk about bearish move today, but if you actually track on the 1 day chart it is still within range. I see it making one, maybe two small moves up over the next week and then dropping and it is going to be big to see whether it can hold the support around the $8k point and then shoot up over the $10k or drop back down to $5k
Let me...
It looks like RIO can't make up its mind at the moment from hitting a VERY long term resistance line at the top and a short term one underneath. I think whichever line it breaks meaningfully first might decide which way it goes
There seems to be two different resistance lines going on at the moment. Let's see if it can stay above the first or it could likely drop to the second very quickly
