KUMBA - Short IDEA Short

KUMBA IRON ORE LTDJSE

Beschreibung

⋅ 22. Nov. 2022 12:12

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

Support and Resistance Fibonacci

Kommentare

Walter_Hill

⋅ 23. Nov. 2022 08:14

Agreed also considering the Strengthening Rand and the drop in Dalion Iron Ore prices.

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