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Low risk high reward set up for RIO

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NYSE:RIO   Rio Tinto Plc
After a successful bump and run reversal, RIO has now confirmed a large inverse head and shoulders formation. At the moment we are re-testing the broken resistance that should now act as support, making it a low risk high reward trade set up.

Buy in now at 57.93 Stop loss at 55.50

First target $93

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