Tag Archives: RIO.ASX

Top Global Stock Trades

CMC customers know that we’ve recently launched a client sentiment indicator. This shows the positioning – long or short – in an instrument. This is a “democratic” indicator as the read is taken by account, with no allowance for the … Continue reading

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Rio and Iron Ore – Chart Updates

Yesterday’s news that China is looking to rein in its property market was the catalyst for a selloff in Australian resource stocks. The iron ore price could be affected and the chart is showing early signs of a bearish double top. I’ve … Continue reading

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Pairs Trading – Buy BHP, Sell RIO

The recovery in iron ore prices since August appears to have driven an outperformance by RIO over BHP in Australia. However, both companies are also listed in London, and the degree of the outperformance is significantly smaller. Combined with stronger … Continue reading

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RIO and Iron Ore chart updates – What does this mean for the Aussie Dollar?

The bullish 3 drives set up I posted on Friday would have seen traders buying Rio on Tuesday. After a wobbly start over the last couple of days, the rally is now showing signs of becoming established. This post discusses strategy approaches for the … Continue reading

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RIO – Bullish 3 Drives Pattern

At the risk of going overboard on the iron ore theme with the blog this week, I think the RIO chart is worth discussing. It looks to me to be forming a “3 drives to a low” pattern. This can be an effective indicator for a bullish reversal. … Continue reading

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Companies Week – Rio Tinto basing out for a buy

It has been a tumultuous time for a lot of miners around the world. Domestically the reporting season has been an eye-opener for a lot of companies but the beaten price of iron ore has become a mainstream talking point. … Continue reading

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