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RossLarter

Kumba on the rise

Long
KUMBA IRON ORE LTD (JSE:KIO)  
RossLarter Updated   
JSE:KIO   KUMBA IRON ORE LTD
Trend Analysis Support and Resistance jse ALSI ZAR southafrica kumba
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trendanalysis supportandresistance jse alsi zar southafrica kumba
KIO is showing great upward momentum in the stochastic, MACD and with the crossing of the 3 and 15 EMA's. It has also recently found support and bounced nicely off of the 200 SMA. I think we could see an upward move to at leas the 68000 resistance level, if not higher.
Trade closed: target reached
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RossLarter
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