RIO – Approaching The Buy Zone

Our Algo Engine generated a buy signal in RIO and the chart below highlights the indicated “buy zone”.

Investors can look to accumulate within $68 – $74 range.

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Rio Tinto

Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks