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RossLarter

Kumba - Hammer at Support Level

Long
KUMBA IRON ORE LTD (JSE:KIO)  
RossLarter  
JSE:KIO   KUMBA IRON ORE LTD
Trend Analysis Candlestick Analysis jse ALSI ZAR southafrica kumba
5
2
trendanalysis candlestick jse alsi zar southafrica kumba
Two days ago, KIO formed a hammer candle and this was confirmed by yesterday's price action. A hammer is a bottom reversal signal and I think we could see a move upward towards the 52000 resistance level.
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