$JSEKIO - Kumba Iron Ore: Speculative Buy Above 40800

The bigger picture structure for Kumba is quite complex so I will be looking at price action only from the 20 March 2023 low of 40800.

A recognizable price pattern is the three wave expanded flat for wave ((ii)).
If 40800 holds, wave ((iii)) can take price beyond 56000 giving a good risk:reward trade.

My conviction is not that high but trading is all about taking and managing risk.