Bullish Reversal Accelerating: Buy Pullbacks (JSE Mining Share)

Research Notes January 2026 > https://www.unum.capital/post/rjan2026

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Kumba Iron Ore: Current higher by 30% from our initial (18-June) price action model trigger. Close above R350 on the last trading day of the year.

The upward trend is accelerating. Buy pullbacks.

Related: See our previous note on the underlying commodity Iron Ore (21-Dec: https://www.unum.capital/post/fef2112

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KIO: Impressive Price Action ~R328. Potential Upside Continuation

Lester Davids

Senior Investment Analyst: Unum Capital