KIO - Short Idea Now 35% In The MoneyI'd should have bigger targets, right? That short from R600-R610 is now 35% in the money. Original idea attached.
KIO trade ideas
Kumba JSE:KIO is at an area of value. The level provided support in Nov '21, will history repeat itself? One can always hope that the support will help, until it doesn't. Dividend came in for investors yesterday (EasyEquities platform).
No position.
Kumba fireThe dividend darling seems to be completing a wave 4 of (3) with a running flat. I anticipate a rally to around the 80000c region.
Kumba Iron OreHead & Shoulder pattern developing on the daily chart, whose neckline is also acting as trendline support.
Should it give in, it may take us to 370/380.
KIO: further downside potential?A bearish trend is applicable below 53700. Crossing above this level will negate the negative stance.
The level 51300 acts as further bearish trend support.
Consolidation around 48900 to 52100. Crossing below 48900 will target 45700.
A break above 52100 will be the first sign of strength in the share.
Remains a risky trade.
Kumba - short We have entered a short on JSE:KIO based off of the stochastic, MACD and EMAs all pointing downwards. Aiming for the 377 level for our target.
Kumba Iron Ore - Short Target ExceededOriginal idea attached (Tuesday 07 June). An update on the recent short idea. Sell range was R600-610. Target was R555 (reached on Friday). Today we extended those gains with a move to down to R542. Bank/Take Profit. Currently R548.
KIOLooking at my model, yesterday's EOD/today's pre-market data for the share read as follows: "Near Overbought - Look for 1-3 days upside before a potential decline" . The R600-R610 zone has been of interest to me, that being the declining trend line (potential resistance) and the 61.8% FIB retracement. I think the market might try to attack this zone once again however at current levels, it appears extended to the upside with the candle structure (see current candle) suggesting possible exhaustion.
Yesterday's 7-DAY RSI was 74 (strong but near overbought).
Provisional Trading Levels:
Short R600-R610
Stop-loss R622
Target: R555
Current: R593
KIO supportMarket did not react well on KIO statement. First level of support i will be watching is the R545 area.
Trade ideas are my own and not financial advice.
KIO heading to all time highclassic cup and handle with the target around 820. idea supported by the uptrend line.
KIO flagKIO developing a possible bull flag pattern. One to keep an eye on if the pattern confirms.
Trade ideas are my own and not financial advice.
Kumba Iron OreMy kind of pattern developing on Kumba; bull flag.
Has a measured target around 750-800.
Kumba Iron OreKIO coming for a retest before the next leg higher?
There remains a gap from 700-735 that remains unfilled!
JSE:KIO Possible long oppsPrice testing 70000 level and pulling back to 65500 forming the beginning of a symmetrical triangle setup. Watching price action for long opps to add to my pos.
@VIllageTraderZA The turn is completeKumba confirms the turn breaking above the 200 day ema. provving an excellent risk reward trade
$KIO possible long oppPrice has formed this symmetrical triangle setup and is currently consolidating but trading below the EMA200. Waiting for price to break out the setup for a long pos. Watching this stock.
KIO- BULLISH REVERSALKumba today has gapped up to smash right back through the 200 day moving average. This is a very strong move and definitely one to be bought if you get the chance. If KIO does in fact stay above the 200 MA, I see targets near R538.00
KUMBA 🚀- Last month's pin bar was a clue to how price would behave this month
- R534 is the first likely level to test... (In from R460)
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
KIO bottom is inWith a small bounce in Iron Ore spot prices, buyers step in to buy a heavily oversold KIO. A break above 47400 will confirm a change in trend direction.
KIO hammerKIO formed a hammer candle and was followed by a bullish day. If it can break the orange resistance line it can have a go at R470 and then the 50dma after that. It is heavy against the trend so be cautious.
Trade ideas are my own and not financial advice.
Kumba - Hammer at Support LevelTwo days ago, JSE:KIO formed a hammer candle and this was confirmed by yesterday's price action. A hammer is a bottom reversal signal and I think we could see a move upward towards the 52000 resistance level.
Kumba Iron OreAt the the time China started to impose steel curbs a Head and Shoulder pattern was clearly visible, on KIO and most traders, got out with good profits. However the profit taking did not stop here. There is something called technical trading and speculation and the traders went Short/Selling the price. With more imposed steel curbs the price continued down creating even more profitable trades for traders.
Join us an learn more about speculating on the price.
This is for education purposes only and should not be considered as trading or investing advise.
