High Conviction: Switch Fortescue (FMG) to Rio Tinto Limited (RIO)
We recommend switching from Fortescue to Rio Tinto at an entry price of 119.5 dollars, with a target of 140 dollars and stop loss at 105 dollars.
We recommend switching from Fortescue to Rio Tinto at an entry price of 119.5 dollars, with a target of 140 dollars and stop loss at 105 dollars.
potential merger between Rio Tinto (RIO:ASX, RIO:LSE) and Glencore (GLEN:LSE) would create a mining behemoth with significant implications for the global mining industry