A slide from this morning's research note:
Kumba Iron Ore (KIO) | On Wednesday, the data suggested an ultra short term overbought rating, with a subsequent unwind to close the
session -4.40%. The 8-EMA has crossed above the 21-EMA (both of which are starting to rise). The share could re-test the 8 21-EMA range or
slightly below it at the prior breakout level at ~38200c to ~39000c.
For more research, including trade ideas, get in touch today.
Kumba Iron Ore (KIO) | On Wednesday, the data suggested an ultra short term overbought rating, with a subsequent unwind to close the
session -4.40%. The 8-EMA has crossed above the 21-EMA (both of which are starting to rise). The share could re-test the 8 21-EMA range or
slightly below it at the prior breakout level at ~38200c to ~39000c.
For more research, including trade ideas, get in touch today.