Normal
I must be the only silly bugger trading RIO on ASF.Remember, you get the same profit from the move of 200 shares in a $60 company as you do from 200,000 shares in a 6c company. You also don't have to carry as much scrip in your pockets, leaving room for your wallet and keys.This could be the start of an upward move for RIO, if not I'll be watching for signs of increasing volume as it approaches $60.The RSI at the top of the chart, (the redline one) shows good correlation on previous down moves in to overbought territory under 30, at the $60 mark, with a significant recovery each time.As ever I am so looking forward to tomorrow and get my beloved motor back from it's service.gg
I must be the only silly bugger trading RIO on ASF.
Remember, you get the same profit from the move of 200 shares in a $60 company as you do from 200,000 shares in a 6c company. You also don't have to carry as much scrip in your pockets, leaving room for your wallet and keys.
This could be the start of an upward move for RIO, if not I'll be watching for signs of increasing volume as it approaches $60.
The RSI at the top of the chart, (the redline one) shows good correlation on previous down moves in to overbought territory under 30, at the $60 mark, with a significant recovery each time.
As ever I am so looking forward to tomorrow and get my beloved motor back from it's service.
gg
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