Exxaro and Kumba

[Starsky]

what is the feeling on the above 2 shares showing more gains this week ? what level ? thanks

[gareth01]

think Kumba will remain on up upside to levels of R350-R355. About week ago, the resistance level of around R319 was broken (and the share was oversold), hence the high volumes. Does this share have the ability to keep the upward movement, definately so.. Also interim results to be released in July 24th - directors buying recently, so only bodes well....Im long with this.

[Starsky]

Thank you Gareth01

[Zirk]

EXX way overbought, busy with last leg of current elliot wave, hi PE, recent directors dealings, chances are serious pullback soon.134-142 range before power up again. OMO

[#5]

agreed.. but let's get tom168's input..he called it right the last time

[Starsky]

and now the big drop with Kumba? any reasons ?