1Mon·

Turnaround?

$RIO (+1.46%) After the copper price was artificially increased (by Mr. Trump), the share price rose sharply. Already slightly down again today.

The downward trend now appears to have been broken on the chart. What do you think?

8 Comments

1Mon

I don't see a strong increase 🤷

•

1Mon

@Frei It opened a large gap yesterday and was up over 5% in the meantime. For Rio Tinto, this is already a strong rise.

•

4Wk

@Pete_Mitchell the first of 46 is enough in the low up and the main thing is that the divi flows and prospects are also good! Solid investment

••

1Mon

Buy, stop, forget, enjoy

•

1Mon

I don't know much about charting, but do such exogenous effects count? The share didn't do it on its own, nor did the market.

•

1Mon

@FinSteel Many effects that set shares in motion result from external causes and not from the share itself.

••

1Mon

I would go short copper, if at all. The 50% tariffs will not last, as the US is not remotely able to cover its demand from its own stocks.

•

1Mon

I think $RIO is a good long-term investment. I am currently in the red with the share, but would like to buy more if the opportunity arises.

•