Industrial metals are set to witness an upcoming rally after Joe Biden's $6T budget proposal, The spending plans would fund investments roads, water pipes, broadband internet, electric vehicle charging stations and advanced manufacturing research. CENX is an industrial metal stock that's being traded within a descending channel on the 4hr time frame since March...
P.A. Resources Berhad, an investment holding company, is engaged in the manufacture and sale of aluminum products primarily in Malaysia. Aluminium is one of the huge demand products in future for the E.V. car. From the chart we have found that price are making higher low and sit on SBR at 0.490 - 0.515 zone area. If break 0.560 can going further to north and...
The price seems to move in a range bound fashion for few days and a strong reaction on a parallel channel is a possibility where this shared idea realizes
MCX Aluminium has started falling due to Elliott Wave's ABC correction. Expected A is at 100% or 161% retracement of wave 5. Therefore, it can start rising from here to the level of 164.4 . The day traders can have the advantage of this impulsive ride of B . According to ABC correction, we may see the Aluminium prices below 161.6 - 159.4 before the weekend.
According to this chart, aluminium is moving flat under the rectangle pattern. The top of this rectangle is the resistance , and the bottom of this rectangle is the support . The trend is making frequent parallel channels between the support and resistance of this rectangle. At present, aluminium is playing into support trendline (B) . There is a crucial...
This is a Bullish indicator signaling HWM's price could rise from here. Traders may explore going long the stock or buying call options. I identified 47 similar cases where HWM's MACD histogram became positive, and 40 of them led to successful outcomes. Odds of Success: 85%.
AA is making a short-term ascending triangle since 8 days, that should break in 2 or 3 days, combined with a crossing of the weighted moving averages of 5 and 25 days. The corresponding MACD also indicates a buy signal. Those 3 indications are a good buy for a 2 or 3 weeks planned bullish move. The move should stop at or a little bit above 23$, which is the...
Someone already made good profit on inside information. But there should be more. Will test support at ~28.35 once again and grow up. In couple of years I would start fixing profits around 58 and 65.
Copper has had a rough time over the past five or so years and is still at a pretty low price when compared to other base metals. Lead, zinc, tin and aluminium have more or less been rallying since mid-2015, so just copper and nickel that have fallen behind. Time for a quick burst of action upwards here- I have gone long with a small stake and fairly tight stop....
Simply Aluminum is in down trend and also LME raised some customs pricing this week this will trigger more short on this commodity. I'm sitting on short till chart shows me a reversal. Its good to take this risk.