We run today our trade system and got a good candidate for an investment: Rio Tinto, ticker is RIO.
The paper got a price reduction of 14.2% between February 20th and March 20th. Our system went into a buy mode. Only one indicator suggest to wait a few more days. But we think it is a clear buy.
The picture shows very well how the stock went back into his upwards trend channel after the correction. The trend indicator with 33 is quite strong, MACD turned today, DI indicator went today into a buy mode. Looking good but the future will tell if we are right.
But as always: just my 5 cents
The paper got a price reduction of 14.2% between February 20th and March 20th. Our system went into a buy mode. Only one indicator suggest to wait a few more days. But we think it is a clear buy.
The picture shows very well how the stock went back into his upwards trend channel after the correction. The trend indicator with 33 is quite strong, MACD turned today, DI indicator went today into a buy mode. Looking good but the future will tell if we are right.
But as always: just my 5 cents
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