KUMBA IRON ORE (KIO) - WEEKLY CHART ANALYSIS
KIO is currently hovering around a strong support zone, which aligns closely with the levels we saw back in September/October 2022 when China introduced additional stimulus measures following the May and August rounds. This support has held firm since April 2020, making it a key area to watch.
Looking at the RSI, in 2022, we saw a downtrend break on the RSI, which triggered a significant 60% price move over the next 105 days. Currently, the RSI is teasing a similar scenario, testing the downtrend line. A break above it, combined with potential stimulus from China, could signal a similar rally. Keep an eye on this zone for a potential bullish move
KIO is currently hovering around a strong support zone, which aligns closely with the levels we saw back in September/October 2022 when China introduced additional stimulus measures following the May and August rounds. This support has held firm since April 2020, making it a key area to watch.
Looking at the RSI, in 2022, we saw a downtrend break on the RSI, which triggered a significant 60% price move over the next 105 days. Currently, the RSI is teasing a similar scenario, testing the downtrend line. A break above it, combined with potential stimulus from China, could signal a similar rally. Keep an eye on this zone for a potential bullish move
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.