The share consolidated briefly in a range between R50 - R52, but eventually broke to the downside on further market weakness and weaker iron ore price. Currently testing horizontal support failing which, we could see a quick move towards R42. I would like go see a close above R52 to initiate a long position again.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.