techpers

KIO - My Best Idea This Past Week

JSE:KIO   KUMBA IRON ORE LTD
I don't care if you accuse me of 'highlighting a trade that worked' as I've always showcased my shortcomings or trades that have not worked out planned.

I'll say it myself: I've had my eye on the ball, staying disciplined as always to find the opportunities that offer the best reward-to-risk . This has resulted in me being fortunate to see several names go my way in the last few weeks by having communicated the correct positioning for my employer's clients.

Of the lot, KIO was a standout. Below, I've inserted the original chart as included in last week Monday's research notes. The price at the time was R405. It traded as high as R484 this week.

I also managed to identify the long side on AGL (last Thursday 07 September) at R484. It traded as high as R549 as well as TGA at R134 recently - it traded at 16999c on Friday.

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