Chart Watch 2009-02-23

XAO - All Ordinaries



A fall of 1.5% to 3,304.10 keeps the index above the years end-of-day low of 3000.2 (23/01/2009) helped by a strong close. The index was down over 80 points during the day. Big miners were down including ex-dividend BHP down $1.20 to $29.31 and RIO down $3.42 to $46.87.

RIO - Rio Tinto





RIO closed below support (although not on strong volume) indicating a test of the lower trend channel line (or 50MA).