Timonrosso

Kumba Iron Ore Cup and now Box formation target R686.33

Long
JSE:KIO   KUMBA IRON ORE LTD
Cup and Handle previously formed on KIO.
It then moved into a sideways pattern, making a rectangle (Box).
Now we need the price to break out of it, before a decent trade lines up.
7=21>200 - Bullish
RSI>50 - Bullish
Target R686.33


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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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