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KIO

KIO (Kumba Iron Ore) 1M Chart AnalysisKIO (Kumba Iron Ore) 1M Chart Analysis Building on the previous analysis, the KIO monthly chart shows a large falling wedge. If the price finds support at the lower trendline (4), it could rebound toward the upper trendline, with an initial target around 495. RSI supports a potential bounce, maintaining a trendline that has held since 2017. Confirmation of support at these levels could signal a bullish reversal. Key risks: China's Economy: Stimulus efforts face challenges from weak housing markets and high debt, which could limit iron ore demand. Geopolitical Tensions: Trade tensions add uncertainty to market stability. Iron Ore Market Dynamics: Analysts predict that China's iron ore imports could reach a record high of up to 1.27 billion tons in 2025, driven by abundant supplies from top producers. However, steel demand is expected to decline by 1.5% in 2025, following a 4.4% decrease in 2024, due to a prolonged property crisis. This scenario suggests potential downward pressure on iron ore prices, with forecasts ranging from $75 to $120 per ton in 2025.
JSE:KIOLong
by MarketMeistersTrading
Kumba remains in its downtrend range - Which way to break?Kumba Iron Ore has been moving in this consolidation flag range since January 2023... The price has indeed been making lower highs and lower lows. But which way is it going to break, I believe depends on the Resources index. As things look with the JSE ALSI, the downtrend is strong and more evident (despite this blip up). But regardless we have different levels to watch. For example, if the price breaks above R483.00, it'll give a great signal to go long and hold until it reaches a target of R600.00 If the price breaks down then the likelihood of a target with be R280... This is a classic example of a Neutral trade with a strong trading plan of action. Now we wait.
JSE:KIO
by Timonrosso
$JSEKIO Kumba iron ore - has this rally gone too far too soon?Haven't called this stock too well this year, however after the magnificent rally we have seen of late, the stock may have gone too far too soon. Firstly if you look at purely the candlestick formation after today's trade, we are possibly witnessing the formation of an evening star reversal formation (tbc tomorrow). Secondly, we are starting to see volume evaporate on the move higher which is a possible clue that buyers are no longer interested in chasing price at such levels. Thirdly, we are starting to see some bearish divergence on the RSI (price has made higher high, not confirmed by a lower high in the RSI indicator). Watch for a possible reversal here. Price very very extended from major moving averages, so consolidation/correction very likely from here.. Would hope to see at least R400 on a shorter term pull back
JSE:KIOShort
by MarcoOlevano