$JSEKIO - Kumba Iron Ore: Speculative Buy Outlook Invalidated
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 it approaches 33991.
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 it approaches 33991.
