RossLarter

Kumba - Double Bottom

Long
JSE:KIO   KUMBA IRON ORE LTD
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.

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