KIO.JSE Kumba Iron Ore. High Risk / High Reward.
Kumba Iron Ore is currently Trading above Recent Lows.
Single Commodity Tickers are always inherently a High Risk / High Reward Scenario.
They are the current Market Price Takers.
Should the China Stimulus result in Positive result's , not just hype, then I expect the Demand for Steel and Iron Ore to increase and hence this Tickers Stock Value.
I've Charted the Recent Lows and Highs for your Perusal.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Single Commodity Tickers are always inherently a High Risk / High Reward Scenario.
They are the current Market Price Takers.
Should the China Stimulus result in Positive result's , not just hype, then I expect the Demand for Steel and Iron Ore to increase and hence this Tickers Stock Value.
I've Charted the Recent Lows and Highs for your Perusal.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Note
Vale and Rio set to Increase Iron Ore output despite China Stimulus uncertainty.
What do they know?
Note
Looks to retest R320.
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