RTP will go DOWN
$450.00 on 7/16/08
$227.67 (-53.79% from time of market call)
Technical Trade the price might continue to rise 10-25.00 I
expect the price to climax if
it didn't today.
Legmaker you should be proud of your Upside Trade ;-$
RIO TINTO PLC SPONSORED ADR
Daily Commentary
Our system posted a HOLD today.
The previous BUY recommendation was issued on 03.13.2008 (34) days ago, when the stock price was 433.3600. Since then RTP has gained 15.44%.
Our advice today is simple and clear. Hold your stocks and wait for a new signal. Do not bother yourself with further buying and selling as long as the HOLD tag stays.
Candlestick Analysis
Today's Candlestick Patterns:
White Candlestick
Today a White Candlestick was formed. This represents normal buying pressure.
Overall Average: 88% - Buy
Support Pivot Point Resistance
486.42 497.90 509.38
RTP - RIO TINTO PLC ADS (NYSE)
[ Daily Quotes ]
Open High Low Last Chg Volume % Chg
04/16/08 493.06 502.47 490.99 500.25 +19.25 743679 +4.00 %
04/15/08 471.62 481.03 469.93 481.00 +20.80 326900 +4.52 %
04/14/08 466.00 467.00 459.02 460.20 -2.28 151900 -0.49 %
04/11/08 458.46 469.50 457.69 462.48 -3.47 125300 -0.74 %
04/10/08 460.74 470.25 457.13 465.95 -4.98 139600 -1.06 %
Period High Low % Chg
5-Days 502.47 on 04/16/08 457.13 on 04/10/08 +7.36% 04/10/08
20-Days 502.47 on 04/16/08 376.50 on 03/20/08 +29.10% 03/20/08
65-Days 502.47 on 04/16/08 307.08 on 01/22/08 +47.06% 01/17/08
100-Days 502.47 on 04/16/08 307.08 on 01/22/08 +9.31% 11/29/07
260-Days 502.47 on 04/16/08 218.49 on 08/16/07 +107.87% 04/19/07
Year to Date 502.47 on 04/16/08 307.08 on 01/22/08 +20.15% 01/02/08
Breakout or Breakdown above or below 500.20
500.25, not at resistance or support.
UP or DN 58.2 - 75.66 points
Overbought
DN
SUPPORT BELOW 464.05 triple bottom
428.05 triple bottom
411.10 triple bottom
395.35 double bottom
368.37 triple buttom
347.65 single bottom
TARGET 1 Price: 415.29
Cover 514.54
Possible 2 supports
Strong support areas
TARGET 1 SUPPORT 464.10 triple bottom
428.05 triple bottom
415.29
TARGET 2 Price: 396.25
UP
TARGET 1 Price: 464.15 exceeded
Trailing Stop Limit: 482.71
0 resistance price could rise more
TARGET 2 Price: 489.40 exceeded