Tuesday, May 31, 2011

RIO chart update

So RIO didn't like going parabolic and settled back down.

the straight red line is where I'm happy, the yellow dots are what frighten me, and the green highlighting is where some guy bought 4 million shares over 2 days sending the price way beyond support.

That green bit makes me happy.

Anyway, RIO bounced off heavy resistance around $2.70. So I guess we can't hope for >$3 in the next week....

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