KIO - 1D -OPPORTUNITYFundamentally i think the iron ore price is to high, however the rock drawings tell me a different story. Stochastics are oversold on the daily chart. There is a nice gap to be filled to the trop. Bottom of the support line. Swing trade with a short stop.Longby AWPEARCE1Published 223
Beautiful bullish divergence on increased volumeNice bullish divergence pattern on increased volume as the stock holds the 200d EMA support. Now I’m waiting for a close above R638.80 I will buy the stock with a stop loss just below the 200d EMA at R555.90Longby VillageTraderZAPublished 3
KIO approaching Major bottom trendlineLooking for longs at the trendline + lateral support around the R546,00 mark reward to risk 2.50 : 1by T2TWELLPublished 113
KIO Slightly lower (didn't get the exact low) from the previous Thursday (20/05) but NOW seems to be following our envisioned price path (attached). by LD_PerspectivesPublished 3
Long position KIO An IHS setup occurred in KIO and price broke higher then pulled back to test the neckline. This looks like a scenario of second chances if you failed to initiate a position in the setup in the prior move. R/R should now be nominal given the second opportunity. Keen eyes will note the bullish engulfing candle and price is sat at ATH. I will further add that there is a strong uptrend in the stockLongby AcolyteTraderUpdated 1
KIO Short Term Trading PlanThe share has sold off from around the R725 level to R646 at the last close, with the channel in place since mid-March breached to the downside. In the short term, the swing lows (R633-638) of 03-May offer a level of interest for short term traders looking for a rebound (expect this level to overshoot to the downside but use the reclaim as a buy/long trigger). On the short/sell side, the 687-693 area offers a distribution zone to short back to the large channel support. The potential price path is highlighted on the daily chart. Please note, if the price displays negative price action at the swing lows, then the 'rebound' long will be considered invalid.by LD_PerspectivesPublished 3
$JSEKIO Kumba Iron Ore. Inverted head and shouldersKumba has formed what looks like an inverted head and shoulders pattern. Wait for a daily close above 69500. Targets for this pattern would be 75000 and 80000.by KoosKanmarPublished 6
Kumba moving down after a strong upward moveAfter a very successful long position (link attached below), JSE:KIO has bounced off of the strong resistance level at around 67000 and seems to be on the way down. This is being confirmed by our momentum indicators, the stochastic, MACD and potentially the EMA's with today's move. If it confirms, potentially, we could go down to around 58000 - 59000 area.Shortby RossLarterPublished 0
Nice bullish flag breakoutThe stock had a strong day on a on Friday closing inside the R680 - R792 breaking out of the bull flag. I wanted to enter the trade on the break. However the stock ran away from me, I was going to add into the position as it moves to the R680 - R792 box. I’m going to take the trade market open on Monday. Trade mechanics Account balance :R7232 2% maximum risk: R144.64 Entry: R680.4 Stop loss: R615.54 Risk per share: R64.86 Quantity: R144.64 / R16.07 = 2.2 Longby VillageTraderZAUpdated 2
Kumba topping outNot even a solid production update could push the stock higher yesterday. Maybe some rand pressure putting on the breaks but KIO does look like it's topping out. The stock spiked to around 675.00 at the open but that is all it was (maybe lack of early morning liquidity. I expect KIO to move closer to support rather than test the high from hereShortby RobbyPPublished 0
Kumba on the riseJSE: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.Longby RossLarterUpdated 0
Buy opportunity on KumbaA great entry price area after dip. Buy at resistance level. Longby Thapelo_KhubayiPublished 0
Kumba shaking the dividend adjusted moveKumba No position I recently got out the trade on LTD. The stock since looking to shake off that dividend-adjusted move. There’s a bit of resistance at 61520c, which incidentally the same level as the 50d EMA. If we get close above the 50d EMA I will reenter the trade, with a stop below the recent swing low around 54070c. Longby VillageTraderZAPublished 0
KUMBA IRON ORE WHOPPER DIVIDEND COMINGToday KIO is making its 3rd attempt at breaking below its 50 day moving average. If this does in fact happen it opens the door for a much larger drop. The trick is, there's a R41.30 dividend coming next week so going short becomes a very difficult choice. Historically, Kumba has held it's dividend more often than not... by RobbyPPublished 1
KIO - Failed to break higherJSE:KIO seems to have failed to make higher highs around the resistance level of 66000. It also formed a shooting star reversal pattern two days ago. This, coupled with the turning down of the stochastic indicator could mean we are in for a downward move.Shortby RossLarterPublished 1
Okay that looks goodThe stock is looking good. I got stopped on the recent pullback in profit. However The stock still likes its trending higher. Currently trading in the R591 - R683 box. The stock has been moving nicely for quite some time. I’m currently waiting for a break through R583 on the daily chart. I will then get long the stock and put my stop halfway through the R531 - 683 box. Conclusion: Strongly bullish. Longby VillageTraderZAPublished 1
FAlling wedge on KumbaNice Falling on kumba after that strong pullback Longby VillageTraderZAPublished 1
Turns out the short was rightInitially, after reaching the R680.00 target, I'd called short based on trend line break. Then I flipped over to a long... which stopped out. Now it looks like the short was right. Shortby HerenyaPublished 4
Kumba breaks out from the bull flagKumba breaks from the bull flag. giving me an opportunity to add into the positionLongby VillageTraderZAPublished 1
Trend Reversal on KumbaJSE:KIO has broken an upward trend and it looks like a reversal could be happening. Stochastic and MACD are confirming with their downwards cross. We could see a move downwards to either the 56000 or 48000 support levels.Shortby RossLarterPublished 221