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MarcoOlevano
Sep 19, 2022 5:36 PM

#KIO Kumba approaching huge weekly support level #JSE Long

KUMBA IRON ORE LTDJSE

Description

R360.00 is clear support here... as highlighted in yellow circles, march saw similar action where the stock consolidated just under the 200wma before igniting a rally of some proportion. Are we going to see something similar here?

Comment

Lovely move from Kumba off horizontal support identified

Comment

It is really getting going now..
Comments
Thinus5422
Great analysis. Thank you
Thinus5422
Great analysis. Thank you . Timing for trade seems good now.
Thinus5422
Great chart and analysis. November to April best months of year for equities. May be a good idea to wait until after 8 November 2022 (VOLATILE USA INTERIM ELECTION).
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