Cup and handle has formed on Hulamin since 10 May 2023. With these Penny STocks and less liquid markets, they can take a long time to form patterns and formations. But when they breakout, they can rocket in the direction of the breakout. I like that it's restested the support and brim level, and is showing that the buying is accumulating. And that that...
I have determined that the current price of aluminum is within a favorable buying range. Should the price remain within this range, there is a potential for upward movement.
China's aluminum market in 2023 stands out for its resilience, with prices on the Shanghai Futures Exchange (SHFE) bucking global trends by climbing over 1%, while the London Metal Exchange (LME) saw an 8% slump. This divergence is largely credited to the strength of China's green sector and decarbonization efforts. An open arbitrage window, created by SHFE...
Hi guys! 👋🏻 🔔 There's no clean energy without Aliminium, which is widely used in electric vehicle and solar panels production 🔔 One of the largest consumers of Aluminium - China is expected to increase the demand for the metal in its e-vehicle, clean energy and airplane production. 🔔 Other fundamentals which support higher demand for metals are: global ecnomies...
Paradoxically, aluminium was one of the worst performing base metals over the past month (22 May to 23 June 2023) despite the bauxite ore ban potentially tightening the market. In 2022, Indonesia produced some 21 million tonnes of bauxite, according to data from the US Geological Survey, making it the world’s fifth-largest producer. Almost 85 percent was exported...
Entry: 204.40 Stop Loss: 204.60 Take Profit: 203.95 Time: 8:00 PM IST Reason for entry: super trend indicating a good selling setup in 5 mins and 15 minutes timeframe.
Aluminium trend short Aluminium prices have fallen over 10% since late January, which originally saw prices spike above HKEX:2 ,600 per tonne as the ending of Covid-19 restrictions in China saw demand for the metal rise. Prior to this aluminium prices had dropped about 40% below record levels in late November 2022 due to weak demand outlook for the industrial...
M Formation formed on Hulamin and we saw bearish signs The market then broke below and has stayed below the neckline but is creating a somewhat Rectangle. They buyers and investors seem to be holding the level and supporting it as much as they can. Once catalyst and the stock will drop dramatically 200 >21> 7 - Bearish RSI <50 and bearish divergence Target...
M Formation has formed on Daily. Things have been looking very bad for Hulmain for the last year now. 200 >21> 7 - Bearish RSI <50 and bearish divergence Target R2.25 General info: Hulamin (est. 1935) is a South African aluminium rolled products manufacturer and distributor, listed on the Johannesburg Stock Exchange (JSE). They produce a wide range of...
Looking at the H4 chart, my overall bias for ALUMINIL is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 211.00, where the 50% Fibonacci line is. Stop loss will be at 201.40, where the recent swing low is. Take profit will be at 230.10, where the 38.2% Fibonacci line is. Please be...
30MTF Short Indicatrors: Bollinger bands , 200EMA , RSI Bollinger bands 20Moving average rejection Price closed below 200EMA RSI Below 40 Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose...
More and more metal smelters are falling victim to the European energy crisis. Last week, Nyrstar, a large European zinc smelter, announced it would shutter production at its Dutch Budel facility from 1 September 2022 and Norsk Hydro, a significant aluminium producer in Norway, said it will close its Slovakian smelter around the same time. Aluminium is one of the...
Type : Bearish Drop Resistance : 224.00 Pivot: 217.75 Support : 208.80 Preferred Case: On the H1, price is moving below the ichimoku cloud and along the descending trendline which supports our bearish bias that price will rise and drop from our pivot at 217.75 in line with the overlap resistance, 23.6% fibonacci retracement, 78.6% fibonacci projection and 50%...
S32 commodities Alumina Aluminium Bauxite Metallurgical Coal Lead Nickel Manganese Silver Zinc
The energy crisis continues to provide a strong support, not only for crude prices, but also for industrial metals. Last week aluminium added 9.2% and copper prices gained 9.17%. The absolute leader was zinc that jumped 20.49% in price. The price of aluminium, which is one of the most energy-intensive commodities, is at a record high. On Monday morning its price...
Low EV/EBITDA combined with high demand for light metals (lightweight electric cars, bicycles, scooters etc.), raging inflation, and an all-time low gives this stock a good chance. I've been in since $14 and didn't expect it to move so quickly. It's a good opportunity to put some money. Don't go all in, at the end it's a lightly sketchy Chinese stock. But if...
find it interesting, this is the sum of all commodities divided by the money supply. probably doesn't mean anything, anyway interesting. Looking at the parabolic route of m2 and the commodities basket divided by it didn't move as expected because of it's rally the rally. lot's of money still in the markets. give me your perspective and ideas
Aluminium price is going down to reach 175$ level