Tag: ASX:RIO

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.

Rio Tinto is under Algo Engine buy conditions and we anticipate buying to increase within the $105 – $110 price range.

Watch the short-term indicators for a turn higher.

Rio Tinto is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

Buy on a break below $90.00