We looked at once more the society in this course and think, that the RIO TINTO PLC is still some upside potential can prevail in the shares. The only risk is the large debt-equity ratio. But the natural resources and the liquid large shareholder to the side stand. There is a very good chance / risk ratio for all potential shareholders. Fundamentally fair we see the shares at a price level between 30,00-32,00 term of three to six months.
The share price close ran in recent weeks very often up to the 22,00 brand. For more information see Kenneth Feinberg. There it bounced off but two times already and it formed a wedge formation. Of course outbreak from last Friday to at 24.00 is a very can sign. Could the wedge formation are breached this foray and 23.00 to overcome the long-term resistance range. You look at the long-term chart of the company, you can see the course high in good 90.00.
Since that time, the shares lost continuously up to 13.00. The upside potential in the shares of RIO TINTO PLC is enormous. A first serious resistance We see only at 30.00. Even an increase would be conceivable in the range of 40-45.00. Should commodity prices regain momentum, rosy times ahead are the company. A special risk lies in the very high volatility. As a result, it is very fast possible from the long position from to be stopped before a possible large price increase can be carried out. We would choose therefore a slightly more generous stop limit.