Thursday, March 22, 2012
Rio Alto - what now?
What now? The RSI(8) is more oversold than it's been in 6 months, and Rio's at the EMA(55) which has (in the past) supported this uptrend.
I guess we're all just waiting for those earnings to come out? The ones where Rio is supposed to have made a ton of money cos the ore they're processing has more gold than we originally thought?
Either you get a bounce there, or you get a bounce cos the gold miners are done selling, or you don't get a bounce. I guess. Or the robots rebel and kill humanity.