2Wk·

Turnaround?

$RIO (-0.36%) 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?

3
8 Comments

I don't see a strong increase 🤷
7
View all 2 further answers
profile image
Buy, stop, forget, enjoy
3
profile image
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.
2
profile image
@FinSteel Many effects that set shares in motion result from external causes and not from the share itself.
profile image
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.
2
profile image
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.
2
Join the conversation