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Trader-Dan

KUMBA - Short IDEA

Short
KUMBA IRON ORE LTD (JSE:KIO)  
Trader-Dan  
JSE:KIO   KUMBA IRON ORE LTD
Support and Resistance Fibonacci
2
1
supportandresistance fibonacci
Kumba reached its 200dma and has clear resistance at these levels... (61.8 retrace)

Looking for a pullback towards the R425 level initially.

Stoploss is a daily close above R502

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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
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