Potential Buy Alert RIO

RIO – Rio Tinto Limited

RIO has been moving lower for the last month as price contracts but we see the buyers poised to resume the trend higher. The mining behemoth has been holding higher lows as buyers steadily grind price higher so we are now watching for another higher low to hold and a buy entry setup to build.

Stock Code : RIO – Rio Tinto Limited

Company Website : www.riotinto.com

Current Price : 70.73

Status : On watch for buy entry setup