KUMBA- Lower highs

2023년 2월 14일

As shown on the daily chart, KIO has steadily been making lower highs from the boom period of 2021. This chart does not bode well for the price with their earnings due on 21 Feb. Momentum indicators are looking lackluster to say the least and from a fundamental point of view, I think supply chain issues and Eskom has hampered production and delivery. I have a sneaky suspicion that earnings are going to disappoint. I expect a gradual fade well into April and would not be surprised if the stock went all the way down to test that support level of around R350.00. looks like a good short to me...

2023년 3월 8일

노트

I will be looking to take profit early before ex-div date on 15th March

2023년 3월 14일

매매 수동청산

As promised, I have taken profit ahead of the dividend tomorrow. A great short that worked out super well.
Opened short : R515.50
profit taken : R467.00