Tag: ASX:RIO

Rio Tinto is under Algo Engine buy conditions.

Buy and place the stop loss at $118.80

Rio Tinto is under Algo Engine buy conditions. Investors may consider accumulating the stock within the $105 – $115 value range.

Traders should be focused on short-term momentum and wait for the stochastic to turn higher or for a break above the 10-day moving average.

Rio Tinto has shifted to Algo Engine buy conditions.

Rio Tinto

Rio Tinto is under Algo Engine buy conditions.

13/12 Update:

10/1 update: RIO remains our preferred iron ore exposure, we continue to hold the position whilst it remains under Algo Engine buy conditions. Traders may choose to focus on the momentum of the current rally and consider closing the short-term trade should we see a break below the 10-day average.

Rio Tinto is under Algo Engine buy conditions.

13/12 Update:

Rio Tinto is under Algo Engine buy conditions.

Rio Tinto is under Algo Engine buy conditions.

Rio Tinto is under Algo Engine buy conditions.

Rio Tinto is under Algo Engine buy conditions.

Iron ore price extended its recent slide, falling by a further 8.1% to $US107.21 per tonne.

Evergrande, the Hong Kong-based developer is sinking under a mountain of liabilities totaling more than $300 billion after years of borrowing to fund rapid growth.