$JSEKIO Breaking down from the channel

Kumba Iron Ore Has been trading within the bounds of this channel for the most part of 2018. A daily close below the R260.00 support level, could see us move to a projected target of R198-R200. One would suspect many stale bulls holding above R260 and this break could see similar action as we saw on $JSEAPN Aspen when it broken down from its longer term channel base @ R240.00

Kommentar:

Tried to bounce today but still holding below the R260.00 level