$BHP and $RIO setting up for next leg higher$BHP and $RIO setting up for next leg higher - perhaps in line with China reopening.
RIOD trade ideas
RIO TINTO Chart 2/2 The Bear CaseAnother take on $RIO this time following the price action that gold took between 1978 and 2012. Obviously today markets are far more efficient, algorithmic based, real time information, broader markets, etc. So it should take shorter to play out. But still it's quite significant volatility here in price move. If you are faithful, and can stomach potential sharp downturn (bonds spike, delfationary shock, etc.) the reward should be magnificent. Bear short term, super bullish long term. In this chart. See part 1 for the short term bull case.
RIO TINTO Chart 1/2 The Bullish CaseI will look at this chart from a bull and bear bias perspective. In part 1, we see a broken symmetric triangle on the macro (to the upside) that has broken out, retest upper triangle, and nicely forming a channel upwards. Short term we are inside an ascending broadening wedge, which should be bullish. Targeting the top of the intermediate channel trend. Strong support on the 20 year moving average 80 SMA on 3M chart. Targets align with macro fib retracement. In part 2 we will analyze the bear case.
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 ?
Rio Tinto PLCSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Rio Tinto Ltd Australia Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Triangle Play for 4/26/22Another Triangle play to add to the list. Gap down and through the line, but reversed and the bulls won the day. Thoughts lean toward filling the gap tomorrow if buying volume continues. Will likely take a long position if the signs continue to be bullish. If bearish signs appear in the morning I'll try and be patient. Wait for clear signs and go with the trend.
Rio Tinto (RIO)The recovery of the global economy, driven by industrial production, resulted in significant price strength for our major commodities, which we were able to capture, achieving record financial results with free cash flow of $17.7 billion and underlying earnings of $21.4 billion, after taxes and government royalties of $13.0 billion. This enables us to pay our highest total dividend ever of 1,040 US cents per share, including a 247 US cents per share special dividend, representing a 79% payout.
ASX : RIO Tinto Ltd (RIO) 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 , expecting a strong push back up from the demand zone .
stop loss just below the demand zone and target just at the previous high.
Risky to take long position for the current market but really strong fundamental from this second largest metal company and gives a good dividends for long term hold
Mkt cap 162.31B
P/E ratio 6.13
Div yield 9.85%
let me know what do you guys think about this analysis right here .
RIO major resistance around $77: break or reject will be KEYRIO correction looks to be done with strong bounce.
However, the bounce is now at a MAJOR resistance.
Confluence of two Golden Fibs define the war zone.
Plotted are three different Fibonacci sequences.
Each series is like a ruler calibrated to one wave.
Confluence zones are of interest for possible turns.
Thick lines are its "Genesis" (from birth) series.
Thin lines are from the "Covid Recovery" wave.
Red lines are fibs of the correction from the top.
.
I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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Rio Tinto miningRio Tinto mines basically everything, from silver, gold & diamonds, to uranium, lithium, copper & aluminum and everything in between. It's been trading in a tight range $60-65, since the November bottom out. Now, going into 2022, I think RIO is likely to be bullish next year, possibly after a temporary mini downside test. In any event, here's RIO critical price levels going forward.
P/E = 5.743
Div/Yld = 10.338
52 week H = $95.97
52 week L = $59.58
Price levels 3 day chart:
SMA200 = $65.19
SMA150 = $69.27
SMA100 =$75.97
SMA50 =$73.90
Trend channel 3 day chart:
breakout = $73.98
R3 = $71.43
R2 = $68.87
R1 = $66.32
pivot = $63.77
S1 = $61.22
S2 = $58.67
S3 = $56.12
breakdown = $53.57
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
MACD and RSI bullish divergence on RIOI've been waiting a long ass time for this thing to bottom, and it looks like it finally has. Both the daily and weekly look good, and it's above it's 50 SMA. The chart divergences illustrated also are positive. This is a very safe stock with very low volatility, high dividends, and an upside price of $90 if the market doesn't turn belly up. Even if it does, these are the type of stocks people look for when the shit hits the fan.
Not normally one of the sexy growth stocks I look for, but when the market starts to look as unstable as it is right now I have to look at safer options.
Fundamentals don't normally get me excited, but numbers like these do:
10.4% dividend %
P/E ratio of 5.72 Holy crap!
Profit Margin (TTM): 32.2%
Annual EPS growth last 5 years: 71%
Don't take my word for it, check it out finviz.com .
Long entry for RIO - long-term inflation stockSince my longer term outlook is higher inflation than bond yields, I've been looking for stocks that should perform well in an inflationary environment. RIO is a cash rich stock in the mining and processing of minerals (iron ore, copper, gold, etc) that pays an 11% dividend. The charts appear to show a symmetrical triangle that broke out to the upside before having a significant pullback nearing the top of the triangle, but may have had support from a previous high. Weekly RSI is near the oversold level, but still has room for another drop. My target is near a 3X in price from the current levels based on the size of the triangle it's breaking out of. Even if stocks underperform for the next 3-5 years, an 11% dividend should supplement the underperformance. Having some hedges that perform well in deflationary environments would be best to couple with this trade, as RIO tends to get slaughtered during deflationary shocks that may happen along the way.
