KUMBA - upward momentum

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KIO is heading upward for a long position. The MACD, Stochastic and EMA's are all showing confirmation for a move to the upside. This coupled with the fact that it has recently made 2 higher lows and fails to break lower, could mean a nice move upwards to the previous resistance level.
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Moving nicely towards the target at the moment.
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ALSIjsekumbasouthafricaTrend AnalysisZAR

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