TRADESETUP

May 16, 2019

Price pops higher so time to look for an opportunity to jump on board

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Potential Buy Entry Alert to Watch RIO

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $36.49 Billion Market Cap, VWAP 98.546, ASX Ranking 12, 4 Week Av Turnover $169,611,960, Current Turnover (Intraday as at time of alert) $70,713,327, PE 8.7, Div Yield 4.29%.

Company Overview : Rio Tinto Limited (RIO) is engaged in minerals and metals exploration, development, production and processing. The Company’s Portfolio of assets is condensed into four product groups: Aluminium, Copper & Diamonds, Energy &Minerals and Iron Ore.

Broker Consensus : HOLD

RIO – Rio Tinto Limited

RIO is strong as long term buyers continue the march towards all time highs. We are now watching for the buy entry setup to get on board the action for the push up through 102.50. Buyers need to confirm the move with a higher low above 95.00.

Stock Code : RIO – Rio Tinto Limited

Company Website : www.riotinto.com

Current Price : 98.79

Status : On watch for potential higher lows and run up through 0.90

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