The secret to trading Kumba

[#1]

Kumba normally gives a sign that its reached the end of its upward run by giving a sharp brutal intraday dip (some smart money getting out), triggering a lot of stops, and then eventually recovers in price to almost what it was before the dip. This is usually a precursor to a down movement that will start the next day. Might be wrong about it today - but its worked weel for me the last 3-4 times. The secret is to have a wide stoploss before the dip - take profits after the dip.

[platsak]

Vic. In Kumba at the moment. Was there such a dip yesterday?

[#3]

You can still see it on the intraday if you "Live Price" KIO. This one coincided with the all-resource drop but was more pronounced. Previous times it happened was in May and June.

[#4]

Might also be an idea for a little day-trade-scalp kind of play with tight stops.

[Mula]

Is Kumba a Buy at current levels of R248.00 ? Where do you see the share in 2 weeks time ? Thanks

[#6]

What concerns me is that it touched 22 day EMA yesterday and came down sharply. Looks like this one *might* me in a bear phase, but for some reason I still don't want to short it.

[Electrox]

bil & imp also touched 21ema yesterday and fell after that.

[sk_1]

T-Sec research this morning punted Kumba as a buy...back at major support level...expecting recovery bounce +14 per cent possible.

[theyoungster]

just be careful in shorting this one, LDT on the 15 aug it will slowly rise up until that date because dividends are tax free so on so on...