VillageTraderZA

Kumba shaking the dividend adjusted move

Long
JSE:KIO   KUMBA IRON ORE LTD
Kumba

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.

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