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Kumba moving down after a strong upward move

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KUMBA IRON ORE LTD (JSE:KIO)  
RossLarter  
JSE:KIO   KUMBA IRON ORE LTD
Trend Analysis Support and Resistance jse ALSI ZAR southafrica kumba
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trendanalysis supportandresistance jse alsi zar southafrica kumba
After a very successful long position (link attached below), KIO has bounced off of the strong resistance level at around 67000 and seems to be on the way down. This is being confirmed by our momentum indicators, the stochastic, MACD and potentially the EMA's with today's move. If it confirms, potentially, we could go down to around 58000 - 59000 area.
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