RobbyP

Kumba topping out

Short
JSE:KIO   KUMBA IRON ORE LTD
Not even a solid production update could push the stock higher yesterday. Maybe some rand pressure putting on the breaks but KIO does look like it's topping out. The stock spiked to around 675.00 at the open but that is all it was (maybe lack of early morning liquidity. I expect KIO to move closer to support rather than test the high from here
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