Playlist: Rio Tinto Plc

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My trade view on mining share Rio Tinto: Neighbour
Joe Neighbour
16 June 2016 at 7:01 GMT
Norway's USD 870 Billion oil fund shows who's boss
Alex Forrest Whiting
11 August 2014 at 11:02 GMT
Neighbour: Mining for profit with Rio Tinto
Joe Neighbour
21 March 2014 at 8:07 GMT
These mining shares could soar
Lea Jakobiak
10 September 2013 at 13:21 GMT
Video / 16 June 2016 at 7:01 GMT

My trade view on mining share Rio Tinto: Neighbour

Joe Neighbour
Joe Neighbour from Central Markets gives his trade view on Rio Tinto. 

There was a big bullish candle on the close yesterday as the mining shares topped the leader board on the FTSE100. The mining shares have gone a little quite in recent weeks as we have seen a consolidation take place. The move yesterday from trend support suggests that the bulls remain active in this sector and that we could see those trends reassert. 

Neighbour is looking to buy at market, above the stop which is at 1840p. 2500p is the target – so over 25% to the upside.

Neighbour chooses a wide stop loss on these trades as they can be volatile and especially because of the UK referendum on the horizon.


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