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.
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.