Unwinding positions in Rio? Short??`As Rio is well below its 200 EMA is this the time to go short?
Trend appears to be over for now and huge volume today
RIO1 trade ideas
Rio Tinto - 2 counts for this mining giant.Personally, I'm leaning towards the bullish, blue count but I can't ignore the bearish, red count either.
RIO Next Stop $80 Range???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 May, following China’s clampdown on the property sector and pollution.
2. A downdraught in Chinese property prices would further subdue construction and reduce iron ore demand. Of course, a potential Evergrande default would be catastrophic for steel demand and shares of Aussie-listed iron ore producers.
with current levle of uncertainlty, it's just like catching falling knife, unless we get trend reversal confirmation.
it is possible we can see further down side around $90 range and then finally $80 range.
Please note these are my own notes for future reference, by no means trading advise to anyone. Also, please feel free to comment or share your thoughts.
RIO dividendRIO
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.
Buy $RIO - NRPicks 27 AgoRio Tinto Group is engaged in the exploration, extraction and processing of mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore and uranium. It also owns and operates open-pit and subway mines.
Revenue TTM 58B
Net Income TTM 18.7B
EBITDA TTM 31.9B
Cash TTM 14B
Net Margin TTM 32.2% EBITDA margin
EBITDA Margin 54.8%
P/E 6.42
P/S 2.06
Dividend yield 6.27
RTZed ($RIO) worth a place on a watch list.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 $68 but also note that's it's currently resting on the lower limit of the YTD linear regression band.
Worth adding to your watch list, probably a better investment than a trading stock.
DIP ON STEALThis one will be a complete technical analysis.
Starting point ->>> support lines 73.50$
- 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 selldown
-under the SMAs (except for 400)
The violet line shows the general uptrend from 2020 to March where we have a break-out (bearish). This shows us that it is unlikely to get ATH. Therefore, I wrote some easier achievable goals.
So, first target has a risk reward ratio of 3.11 with +3.8% upside. Second has risk reward ratio of 8.6 with +10% upside, both with a 1.2% stoploss. The stopploss is based on a Fibonacci retracement.
Is RIO forming a CUp and Handle patternIt seems to be meeting most of Mark Minervini criteria as well?
Algo Key Code with PTP on: RIO - CCIV -TME - DISCA - CCLSince 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 that doesn't speak to you I don't know why you are watching this.
I am iCantw84it, 1 of 33 people in the world with Acquired Savant Syndrome. You can google me: Scott Mele WECT to see a video about me. I paint amongst other things like trading. All things I couldn't do before my wreck.
If you like this video and want to see more like this pls like, follow, share, and comment below. As thats the only way I can tell if you want to see more of these.
Thank you,
iCantw84it
06.03.2021
RIO looks like a dream vacation waiting for you to disembark!RIO @jljpsp this was by request and part of a group of well found stocks. Thank you.
by iCantw84it
06.01.2021
Bullish1. 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
Rio tinto- time to mine itRio tinto is one of my fav mining stock. The stock was beaten recently by bears but last friday made a powerful comeback with gap up opening and increased volume. Indicator look bullish. in my opinion rio will move up to 85 and then there is a gap and it will fill it. Also weekly chart looks bullish it is providing a good entry point at this price.
This is not a trading advice, opinion are for education and entertainment
RIO 🌦Pattern recognized: Running flat Elliot Correction Wave.
Thesis: Bullish sentiment.
Conclusion: Look for LDC between 1 and 5 min.
My strategy: MEWT (MODIFIED ELLIOT WAVE THEORY).
***This does not constitute financial advice.***
Rio Tinto (RIO)On a technical level, a Bullish Cypher Pattern is being formed with a target in the 5,200 area, which respects the Fibonacci dynamics. You can see important support at 5,800 as the MM200 passes. Monitor closelyr the developments in prices on metals.
Rio Tinto bullish but wait for fair priceI am bullish on Rio Tinto, like on all miners.
But right now, it is overbought and hope get price around 75$ to 80$ after a draw down...
MIDCAP - FUNDAMENTAL - Rio Tinto to 220 USD $PLTR Blockchain PMs- Metals bull cycle is starting... 5+ years IMO
- Cyclical bottom has been found in certain PM markets
- 90T USD Smart City plan being pushed... They will need raw materials to fuel the next bubble. You haven't seen anything yet.
- Company is poised to dominate, partnering with Palantir and incorporating blockchain technology
- Good dividend stock that will move like small caps did this year shortly
IMO: add it to the long term portfolio. Titanic long term returns
More analysis on smart city and metals plays coming soon
