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  • Lester Davids

Kumba Iron Ore (KIO) - A Massive Mover - Here's How It Played Out | Wednesday, 26 July 2023

KIO is a name discussed on Monday 10 July 2023 with the view that the share could find support near it's swing low. While the pullback was not as aggressive as anticipated, the share started to move higher near the swing lows. Yesterday we saw the share close higher by 11% following it's market update. The original and follow-up slides are shown below.


For an enlarged view, click on the arrows in the top right corner of the image


KIO as at yesterday's close

Well done to those who traded it.


To get started, contact the Unum Capital Trading Desk on E-mail: tradingdesk@unum.co.za | Call: 011 384 2923


If you have found these research insights useful and think that it could compliment you own ideas, you might consider becoming a frequent recipient of my research. To do that, get in touch with me at lester@unum.co.za

































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