hitchcoxg

Kumba Iron Ore TA

hitchcoxg Updated   
JSE:KIO   KUMBA IRON ORE LTD
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.
Comment:
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.
Comment:
R490 Target Hit Today.
Still Holding.
Comment:
R500 Briefly Hit.
Caution.
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