Kumba Iron Ore (KIO) is a leading iron ore mining operation, primarily owned (79%) and controlled by Anglo American. The company's performance has been significantly influenced by global market dynamics and local operational challenges. The share price experienced a dramatic drop to R223 in March 2020 due to the COVID-19 pandemic but managed a robust recovery to...
See link below for previous analysis.
Kumba failed to rally on after the breakout and has sold-off aggressively invalidating the bullish outlook.
I will sit on my hands on monitor price action at the support trendline.
Kumba Iron Ore, predominantly owned and controlled by Anglo American with a 79% stake, is a leading iron mining operation in South Africa. The COVID-19 pandemic significantly impacted its share price, which plummeted to R223 in March 2020. However, it saw a recovery to R668 before experiencing a decline following the March 2022 quarterly results. A critical aspect...
Kumba Iron Ore (KIO), a premier iron mining operation, is predominantly owned (79%) by Anglo American. The company's share price experienced significant volatility, plummeting to R223 in March 2020 due to the COVID-19 pandemic, then recovering to R668 before dropping again after the March 2022 quarterly results. A key aspect of Kumba's operations is that exports...
Kumba (KIO) is a highly successful iron mining operation which is owned (79%) and controlled by Anglo American. The share price fell to as little as R223 in March 2020 because of COVID-19 but has recovered to R668 before falling on the March 2022 quarterly results. Importantly, exports make up 94% of the company's total sales - which means that it is not heavily...
Kumba is back against a resistance that has rejected price now for the third time, we ended the week with an evening star candle formation. We can see the triple top that is likely forming. The 200 day moving average is just below but the overbought indicators warn us that we will not find strong enough support there. We have higher confidence in price reversing...
See link below for previous analysis
Kumba has had a strong breakout above strong resistance.
The big bear from 80338 to 33991 labelled as a zigzag.
Kumba has a very strong correlation with the iron ore futures, shown below in a light orange line chart.
I am bullish above 40000 with a buy the dips strategy.
Kumba Iron Ore
Kumba Iron Ore and the Bullish Trend: Moving Towards R600
1.Price Formation: The price has broken out from a C&H price formation on a daily chart.
2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating bullish momentum.
3.200-day Moving Average is below the Price.
4.Thus, Mas 7>21>200
5.Relative...
Pennant structure break on Kumba's #WeeklyChart which could target 720ish next.
But first there is resistance around 580-85 that bulls need to push through to expose 720.
Kumba Iron Ore has managed to tick most conditions set in October 2022 (see linked idea). We are now approaching the green line while the $DXY is looking to put a reversal. We will be looking at price interaction with the green resistance line. We might see a pullback right below the line which can appear to be consolidation. However some profits can be harvested...
Kumba Iron Ore
Kumba Iron Ore and the Bullish Trend: Moving Towards R600
1.Price Formation: The price has broken out from a C&H price formation on a daily chart.
2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating bullish momentum.
3.200-day Moving Average is below the Price.
4.Thus, Mas...
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.
Kumba (KIO) is a highly successful iron mining operation which is owned (79%) and controlled by Anglo American. The share price fell to as little as R223 in March 2020 because of COVID-19 but has recovered to R668 before falling on the March 2022 quarterly results. Importantly, exports make up 94% of the company's total sales - which means that it is not heavily...
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...
Kumba Iron Ore has been moving in this consolidation flag range since January 2023...
The price has indeed been making lower highs and lower lows.
But which way is it going to break, I believe depends on the Resources index.
As things look with the JSE ALSI, the downtrend is strong and more evident (despite this blip up).
But regardless we have different...
Kumba Iron Ore's monthly view shows a reversal pattern in play for a long position. The following have to play out:
1. Overcome horizontal resistance at R415 (this is expected in October)
2. When October closes above R406.01, open a long position (swing low is confirmed)
3. First target R480 area, idea to be updated based on daily timeframe analysis whether to...
The price for KIO hit a target of 2 intersecting trendlines providing a springboard for price to move upwards. Will be looking to go long observing the following factors:
1. Price closing above the blue trendline
2. A short-term back-test is a good entry for more risk acceptance
3. Profit target of at least 30%
The recent speculative buy outlook on Kumba has been short lived, link below.
Price has broken below 40800 and now 33991 becomes the next level of interest.
The three wave move from 80338 to 33991 is a large zigzag and can be all of the correction but it can also be wave (W) of a combination corrective pattern.
I will sit on my hands on Kumba and watch price as...
