KUMBA IRON ORE LTD
Updated

Kumba Iron Ore TA

117
Kumba Iron Ore TA, Looking for EMA's Crossing Clue.
Cup & Handle seen.
A little Bullish action also.
However - with these unpredictable Commodity Markets, it's unwise to make any call as to future price action.
I managed to get a small position at R400.
We all wait for a possible turn-around.
Use Stop Loss Orders.
Regards Graham.
Note
The Cup & Handle looks to have turned into a rare Small Head with 2 large Shoulders.
Anyway, the Cup target at R460 was breached, and I hope R490 is hit.
Might take a while.
Could be a clue from China stimulus.
Note
R490 Target Hit Today.
Still Holding.
Note
R500 Briefly Hit.
Caution.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.