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Peet_Serfontein
Jun 22, 2022 7:31 AM

KIO: further downside potential? Short

KUMBA IRON ORE LTDJSE

Description

A bearish trend is applicable below 53700. Crossing above this level will negate the negative stance.
The level 51300 acts as further bearish trend support.
Consolidation around 48900 to 52100. Crossing below 48900 will target 45700.
A break above 52100 will be the first sign of strength in the share.
Remains a risky trade.
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