Kumba trading at bottom of channel
מעודכן
After creating a high of R414.90, 
Kumba turned bearish between January and April of last year reaching a low of R259.21. From there the stock has been trading flat, sticking predominantly to a range with a top at R325 and bottom at R260.
Kumba recently looked to break below support but it turned out to be a false break and price quickly re-entered the range.
With the stock currently trading at the lower end of the channel, I will definitely be going long with the aim to exit the trade when it nears the top.
Action: Place a Limit order to BUY at R273.00 with a Stop Loss set at R253.00. I will aim to take profit at R295.00 and R325.00 respectively.
Margin: 20%
Gearing: 5.00x
Gain: +95.24%
Risk: -36.63%
Kumba turned bearish between January and April of last year reaching a low of R259.21. From there the stock has been trading flat, sticking predominantly to a range with a top at R325 and bottom at R260.Kumba recently looked to break below support but it turned out to be a false break and price quickly re-entered the range.With the stock currently trading at the lower end of the channel, I will definitely be going long with the aim to exit the trade when it nears the top.
Action: Place a Limit order to BUY at R273.00 with a Stop Loss set at R253.00. I will aim to take profit at R295.00 and R325.00 respectively.
Margin: 20%
Gearing: 5.00x
Gain: +95.24%
Risk: -36.63%
עסקה סגורה: היעד הושג
KIO has reached its target of R325.00
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.