This still remain one of my favorite diversified mining companies. When everyone talk Iron ore, we automatically think Kumba. African Rainbow Minerals however also got a solid exposure to Iron Ore. Fundamentally the company is still sound and from a quantitative analysis basis, it still got some serious momentum behind the share price.
Technically - the share price is up 4.1% thus far and if it should close above R156.35, it has broken quite a prominent resistance level. I am a but worried about the “artificial” short-term spike in Iron Ore. A pull-back could see us back at the 50-day moving average (R136.71).
For more information on the company, feel free to read our summary on the company. Click on the following link to open: oldoak.co.za/wp/index.php/2018/09/21/get-to-know-your-jse-companies-african-rainbow-minerals-jse-ari/
Technically - the share price is up 4.1% thus far and if it should close above R156.35, it has broken quite a prominent resistance level. I am a but worried about the “artificial” short-term spike in Iron Ore. A pull-back could see us back at the 50-day moving average (R136.71).
For more information on the company, feel free to read our summary on the company. Click on the following link to open: oldoak.co.za/wp/index.php/2018/09/21/get-to-know-your-jse-companies-african-rainbow-minerals-jse-ari/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.