RIO Buy @ $51, If not at $48If you can see the chart, It is going to 0.786 ($48), where the first support is to be tested. I believe this should hold for good, If that fails then $44. My thought is that if $48 fails, $44 won't hold strong so it would go straight to $40. Thats a good place to buy a lot.
RIO
Deep comparison of Bitcoin Miners| Gold Miners - Astonishing
Something that will go unexpected is the Bitcoin miners becoming the new "alt season" in this upcoming bull market, have tried to tell my circle yet they still allocate to alt coins. . waiting for the new NFT rush.
These companies own the most bullish asset on the planet, these companies are being priced like Bitcoin is going to 10k what happens if it goes to 100k? let that sink in what the thousands of bitcoin will be worth on the companies balance sheet that will reflect the company / buyback shares to fund operations in a bull market and the next bear market.
Marathon Digital Holdings (example) - 10,055 Bitcoin in holdings on balance sheet $239 million based on today's Bitcoin price.
why are institutions buying MARA? why does MARA have an excess market cap of $760.64M?
example Bitcoin reaches 100k = $1,005,500,000
example Bitcoin reaches 500k = $5,027,500,000
Marathon hit 10.4B in market cap operations when Bitcoin barely tapped $60,000
This is just one example I'm happy to provide a slide from my research
i.ibb.co
This is going to create an entire new digital commodity section on the SPX, mining companies and lightning network companies will be here too.
can't wait to see the web3 experts explain to their clients how they missed this one while the big players are already buying up everything.
i.ibb.co
RIO TINTO (Waiting for Confirmation)Rio Tinto – Mining
Market Cap: €1.35 bln
Price: $61.74
6 Month Dividend: $2.24 (c.3.2%) – March 2023 Quote
Dividends recently cut significantly from $4.79 in March 22 (c.5.7%) to $2.24 April 2023 (c.3.2%).
Chart
- Whilst the long term trend is up with higher lows on the large pennant since 1990, we have not made a higher high since May 2008 and this is a little concerning long term.
- On Balance Volume continues increasing which is position and offers some reassurance. We do have our first lower high here on the short term and this could signify a change in price direction.
- In terms of a trade, I’m inconclusive for now. I would like the RSI to come back down to the bottom of the purple RSI pennant at minimum (Short Term Buy potential) or become totally oversold
on the RSI for a confident buy in.
- Any tests of the bottom of the large pennant would be ideal but this may never happen again, time will tell so we focus on the RSI for now.
- At present price is pincered between the 200 week SMA and key support. This is likely an inflection point. A good time to wait and see.
- An upward sloping 200 week is positive but it is also acts as resistance and until we are above it again, it will remain resistance. Getting a hold above it could offer a buying opportunity.
- I will update the chart when we have some confirmation of direction
#RIO $RIO #Realio_NetworkI see good targets for this Asset What do you think?
Market Cap~2m
mentioned in recent #Binance research
The Realio platform describes itself as an end-to-end, blockchain-based SaaS platform for the issuance, investment, and life-cycle management of digital securities and cryptoassets.It aims to combine access to a 100% on-chain decentralized (p2p) exchange with the features of an issuance/investment platform in order to merge enterprise-grade blockchain and cryptocurrency solutions with institutional-quality investment vehicles.
Future of RIO, BHP and the sectorI have had a pretty large position in RIO and BHP since end of July 2022, I bought expecting the market to recover and for copper/iron demand to jump from the re-opening of China and the rest of the world. These positions have given me quite the return with their pretty high yields.
Having said this, we can see that the steam from the market's comeback has slowed down, copper, iron and ore prices in general have met some resistance and both RIO and BHP have taken a step back from their highs. I don't think there is much more gain to be made with these stocks even though their structure and their fundamentals are highly attractive.
I like to invest in one sector at a time, trying to spot which one will be the next to glow up. I think the mining and refining sector has had it's run. Therefore, I'll most probably be exiting my positions in both these companies after collecting dividends and the most probable upside from the upcoming earnings.
Extra:
I am mostly exiting my position because of what I said above, but I've slowly started to consider the rising tensions between China and the western world. Though sanctions would be an economical blunder for everyone in play, having your biggest consumers be in a cat fight is certainly not preferable for business.
BODEGAS RIOJANAS RIO Triangle with price target 5.32€ (+26%)Bodegas Riojanas (Ticker RIO) has activated a triangle structure with price target 5.32 (+26% from target price). I'd set the stop loss below 2.74€. Be careful when trading this stock as the liquidity is lower than others so better check market depth before any buy or sell.
IDENTIFIED LONG ENTRY AREA - RIO TINTO LIMITED - RIO - WEEKLYThis time we look at the RIO's price in the Australian Stock Exchange ASX.
The black horizontal line is potentially the strongest support ever.
Price has strongly failed in the past to go under it.
The curve is coming back around those prices which probably pictures a buying zone.
It might probably interesting to buy while in the square and exit when the price goes back again above the up trending black dotted line.
Wanna Share Your Thought About This Idea ?
62 Fe Iron Ore Outlook for Australian Iron Ore62% Fe CFR Iron Ore continues its bullish trajectory, closing in on USD160/tonne. The futures markets show a continued bullish trend.
Chinese News
China announces a 5.5% economic growth target for 2022, down from 6% for 2021. Premier of the State Council for the PRC, Li Keqiang, stressed the priority of 'economic stability' for 2022. In addition to this, the Premier announced that Covid-19 controls will be adjusted as needed to facilitate economic growth priorities. As the Winter Olympics have now wound down, steel production caps are gradually being eased and should continue over the next coming months. These are all bullish signals for Iron Ore prices.
Russian/Ukraine Conflict
The Russia/Ukraine war is not expected to cause any significant impacts on iron ore supply on global markets, accounting for less than 40million tonnes of production annually.
Australian Local News
Weather
As Australia is still in the backend of tropical cyclone season, there is a possibility of disruption to normal shiploading activities at Pilbara ports, which could have a short-term negative impact on supply.
COVID-19
Western Australia has opened their hard border to other states. This will help with the labour constraints that have plagued many Australian Iron Ore (IO) producers over the last 18 months as there were significant hurdles to obtain skilled/specialist labour to assist with both preventative and corrective maintenance outages across mining sites in the Pilbara. Ideally, over the remaining fiscal year, we should see increased reliability in output from mines and Ports and adherence to output schedules.
Long-Term Outlook for Iron Ore
Chinese regulators have flagged speculative trading and excessive stockpile hoarding of commodities including IO as the reason for exorbitant prices seen over the last 18 months as opposed to actual demand seen from steel mills. It is rumoured Chinese regulators will look at consolidating the fractured steel production market in China through mergers/acquisitions in a bid to increase bargaining power when it comes to raw material purchasing. Given the 2022 goal of 'economic stability', this does seem like a necessary strategy for China to guarantee fair prices for their major inputs for economic growth. Consolidating the local steel production market to match the high market concentration of Australian IO producers would theoretically allow for better prices for Chinese purchasers.
However, given the soured relationship between Australia and China over the last 24 months, it is unlikely the Australian government will take to this kindly, as commodities prices over the last 18 months have delivered record taxes and royalties to Australian governments and essentially kept their economy alive since the COVID-19 pandemic began. In response, in the wildest scenario, we may see Australia back a cartel formation amongst the major IO producers - BHP , ASX:RIO , ASX:FMG - as a way of securing their own economic security.
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 $80 range.
Please note these are my own notes for future reference, by no means trading advise to anyone. Also, please feel free to comment or share your thoughts.
DIP ON STEALThis one will be a complete technical analysis.
Starting point ->>> support lines 73.50$
- 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.
Sector early indicator? No: Natural Resources, not really.The Natural Resources sector - here represented by BHP (in green) and Rio Tinto (RIO, in orange) - does not generally act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... only possibly during the fall in their share prices over Jul and Aug of 2018.
Recommended portfolio for the next 2 weeks!The ideas behind this portfolio are:
1- Benefiting from possible 6 trillion dollars infrastructure bill.
2- Being properly hedged using commodities.
3- Having exposure to the Tourism industry, apparel, and increased demand for gas in post-pandemic era.
My recommended asset allocation:
50% stock:
25% cash:
25% Gold:
0 Cryptocurrency
NYSE:VALE
NYSE:RIO
NYSE:SCCO
NYSE:CLF
NYSE:X
NYSE:FCX
NASDAQ:ABNB
NYSE:UA
NYSE:XOM
NYSE:AON
Use trailing stop loss..!
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 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