techpers

KIO - Previous Sell at R605

JSE:KIO   KUMBA IRON ORE LTD
Kumba Iron Ore (KIO, 46032c) | WEEKLY CHART | Two patterns to note: (1) A multi-year megaphone formation and (2) a potential bear flag structure. We COULD attempt to rally in the short term however a breach of the incline support may trigger a continuation to the downside opening up a medium term continuation short/sell opportunity. Last Idea: Short at R605 (07 June 2022)
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