ASX Top 200 XJO tips and news.

  • Share to buy – Rio Tinto (RIO)

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    Since bottoming out near $38 in December, iron ore has rallied to presently be trading above $48.

    • Overnight, the bulk commodity jumped 3%.
    • The bounce in iron ore, unsurprisingly, has coincided with a bounce in Rio Tinto which has completed a basing pattern and now appears poised to push higher.
    • We are looking for a short-term rally in Rio and active traders can consider being buyers.

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