$JSEKIO Kumba Iron Ore. Inverted head and shouldersKumba has formed what looks like an inverted head and shoulders pattern. Wait for a daily close above 69500. Targets for this pattern would be 75000 and 80000.by KoosKanmar6
Kumba moving down after a strong upward moveAfter a very successful long position (link attached below), JSE:KIO has bounced off of the strong resistance level at around 67000 and seems to be on the way down. This is being confirmed by our momentum indicators, the stochastic, MACD and potentially the EMA's with today's move. If it confirms, potentially, we could go down to around 58000 - 59000 area.Shortby RossLarter0
Nice bullish flag breakoutThe stock had a strong day on a on Friday closing inside the R680 - R792 breaking out of the bull flag. I wanted to enter the trade on the break. However the stock ran away from me, I was going to add into the position as it moves to the R680 - R792 box. I’m going to take the trade market open on Monday. Trade mechanics Account balance :R7232 2% maximum risk: R144.64 Entry: R680.4 Stop loss: R615.54 Risk per share: R64.86 Quantity: R144.64 / R16.07 = 2.2 Longby VillageTraderZAUpdated 2
Kumba topping outNot 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 hereShortby RobbyP0
Kumba on the riseJSE:KIO is showing great upward momentum in the stochastic, MACD and with the crossing of the 3 and 15 EMA's. It has also recently found support and bounced nicely off of the 200 SMA. I think we could see an upward move to at leas the 68000 resistance level, if not higher.Longby RossLarterUpdated 0
Buy opportunity on KumbaA great entry price area after dip. Buy at resistance level. Longby Thapelo_Khubayi0
Kumba shaking the dividend adjusted moveKumba No position I recently got out the trade on LTD. The stock since looking to shake off that dividend-adjusted move. There’s a bit of resistance at 61520c, which incidentally the same level as the 50d EMA. If we get close above the 50d EMA I will reenter the trade, with a stop below the recent swing low around 54070c. Longby VillageTraderZA0
KUMBA IRON ORE WHOPPER DIVIDEND COMINGToday KIO is making its 3rd attempt at breaking below its 50 day moving average. If this does in fact happen it opens the door for a much larger drop. The trick is, there's a R41.30 dividend coming next week so going short becomes a very difficult choice. Historically, Kumba has held it's dividend more often than not... by RobbyP1
KIO - Failed to break higherJSE:KIO seems to have failed to make higher highs around the resistance level of 66000. It also formed a shooting star reversal pattern two days ago. This, coupled with the turning down of the stochastic indicator could mean we are in for a downward move.Shortby RossLarter1
Okay that looks goodThe stock is looking good. I got stopped on the recent pullback in profit. However The stock still likes its trending higher. Currently trading in the R591 - R683 box. The stock has been moving nicely for quite some time. I’m currently waiting for a break through R583 on the daily chart. I will then get long the stock and put my stop halfway through the R531 - 683 box. Conclusion: Strongly bullish. Longby VillageTraderZA1
Turns out the short was rightInitially, after reaching the R680.00 target, I'd called short based on trend line break. Then I flipped over to a long... which stopped out. Now it looks like the short was right. Shortby Herenya4
Kumba breaks out from the bull flagKumba breaks from the bull flag. giving me an opportunity to add into the positionLongby VillageTraderZA1
Trend Reversal on KumbaJSE:KIO has broken an upward trend and it looks like a reversal could be happening. Stochastic and MACD are confirming with their downwards cross. We could see a move downwards to either the 56000 or 48000 support levels.Shortby RossLarter221
Weekly game plan 17 Jan 2021 - KIOKumba looking like it's set up nicely for a pullback. With the strengthening DXY as a tailwind, weaker commodities could lead KIO lower.Shortby Herenya0
KIO a stones throw away from targetSometimes trades take a long time to play out. This one is going really well. With some luck, it'll trade through the target tomorrow.by Herenya2
Kumba breaks out the Symmetrical triangle patternKumba breaks through the triangle pattern Entering the trade market open tomorrow Stop-loss: 48950c Target: 67407cLongby VillageTraderZA0
Symmetrical triangle on KumbaWe have a decent looking symmetrical triangle, looking good for the continuation to the upside. Using the width of the triangle pattern 67350c looks good as a minimum target. Longby VillageTraderZA0
Symmetrical triangle on Kumba continuation?Kumba looks rather undecided, but a breakout to the upside looks interesting. Could we see the share break the all-time highs?Longby VillageTraderZA0
Kumba - Double BottomJSE:KIO has formed a double bottom with the last couple of days' movement. A doji formed on the 29th of October followed by a hammer candle which can be both seen as reversal signs. The double bottom, candle patterns, MACD and stochastic are all pointing upwards, so I will consider a long position if it trades higher.Longby RossLarter1
KIO- Support brokenWith Kumba Iron Ore having broken short term support, it really opens up much lower levels from here. The next major level of support is way down at around 440.00. With it currently trading below 510.00 I think any bounce can be short sold. Ideally we'd want to short at 535.00 but I don't think we'll get it. Shortby RobbyP1