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Innocentmaponde
Nov 8, 2022 7:55 AM

Kumba Iron Ore 

KUMBA IRON ORE LTDJSE

Description

Still some way to go before Kumba can re-establish its uptrend.
First level that buyers need to overcome is the 430 level which is coinciding with the 100dma.
Comments
MarketMeistersTrading
What do you think about the daily candle stick pattern - the shadow using the 50 EMA as support could be showing a bullish sentiment. Iron Ore 62%FE on the weekly chart, has also shown support at previous supporting area, and reached over-sold on the RSI similar to Nov 21 which saw a large swing upwards.
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