Rio Alto Mining Limited RIOAF

Time to exit?

[yana8]

I think this is setting up like a potential shorting candidate.. junior gold/copper co. in Peru, looks like the downtrend started abot a month ago, lower lows and lower highs, its peers are struggling - same goes for gold and copper prices. It has strong support in $3.60 area but if it's broken - watch out below. I'll be keeping a close eye on it. Sell in May and go away? Probably yes, at least for two months.

https://stockcharts.com/h-sc/ui?s=RIO.TO&p=D&yr=0&mn=6&dy=0&id=p58994816311

[yana8]

As for analysts' price target of $6.. well, have you seen Canaco Resources lately?  It was a $4.50 stock a year ago (had a $7 target at that time) and today it's at .29..  So price targets are meaningless really. 

[karanmayur]

I am into the stock for last more than 2 years and have enjoyed the ride but am not willing to give up or exit totally....though trimmed a little bit. Compared to other talked about stocks it has held its ground well...the chart tells us...and has come up with good results but market is not paying any attention to any good news because of the low investor sentiments & turmoil in