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***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - [USER=20158]@debtfree[/USER] *****March 2024 - Following on from the February update for Rio Tinto (RIO) at the end of last month, the trade of iron ore has not been kind over February and March at all... Likewise, this has not reflected too kindly for RIO either... There was SOME reprieve for RIO shareholders in the form of a dividend payment on 7th March to the value of $2.575 per share, but fairly meaningless for shareholders when staring down losses of greater than $10 per share since the beginning of the year.Is there a glimmer of hope in the movement of the shareprice for RIO faithful? Perhaps... Higher lows are forming on the chart since the most recent low on 11th March, which is forming the basis of support. Observe the market reaction to these, as well as the rising 10 day moving average and momentum indicators, as shown below.[ATTACH=full]173738[/ATTACH]
***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - [USER=20158]@debtfree[/USER] *****
March 2024 - Following on from the February update for Rio Tinto (RIO) at the end of last month, the trade of iron ore has not been kind over February and March at all... Likewise, this has not reflected too kindly for RIO either... There was SOME reprieve for RIO shareholders in the form of a dividend payment on 7th March to the value of $2.575 per share, but fairly meaningless for shareholders when staring down losses of greater than $10 per share since the beginning of the year.
Is there a glimmer of hope in the movement of the shareprice for RIO faithful? Perhaps... Higher lows are forming on the chart since the most recent low on 11th March, which is forming the basis of support. Observe the market reaction to these, as well as the rising 10 day moving average and momentum indicators, as shown below.
[ATTACH=full]173738[/ATTACH]
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