Based on technical pattern, and production cost for Aluminum, the current price is in a very low risk zone to buy... Price targets are clear based on the technical analysis... 1990 can be a good SL...
Alcoa is dropping fast but may find support at the bottom of the parallel channel, completing wave 4. An A = C price target is 34.10. Upper channel moves to better than 55 by end of the year. I'll be watching the Std indicator for a buy signal.
Worldwide Aluminium Ltd (Formerly known Worldwide Leather Exports Ltd) was incorporated in June, 1990. The Haryana based company was earlier engaged in the business of merchant exporting of footwear. The Company opened a retail outlet in Gurgaon underthe name of Bertini Retail during 2004. During 200506, the Company showcased shoes under the Bertini brand at...
Aluminum is a highly cyclical sector just like other industrial metals. If you think the cycle continues, this is the sport to buy at trough levels. It could get cut in half if things get ugly. If things go okay and demand rises and the sector tightens, this stock can travel to $25-30 quick like it has several times before. Small investment. AA Alcoa Corp is a...
one complete Marubozo above 128.4 EGP is the driver to short term target of 135 EGP, and the the ultimate outbreak to the Golden target of 156 EGP
Buy Position 123 Target 134 Stop Loss 120 Risk to Reward 4.9%
Weekly chart, Aluminum is showing negative indicators RSI and MACD. It seems the price is testing down the support line, then -may be- the historical support line. Below that level, price can easily go to 1595 and 1568 Above resistance, the target is 2692
COMEX: Micro Gold ( COMEX_MINI:MGC1! ), Copper ( COMEX:HG1! ), Aluminum ( COMEX:ALI1! ) 2023 is coming to an end. What are some of the biggest headlines of the year? • China’s ending of Zero-Covid gave hope to global economic recovery and an increase in commodities demand, but it was short-lived; • U.S. regional bank crisis triggered a flight to safety; • U.S....
The metal was spotted in a corrective phase to a prior 5 wave rise it had displayed from Oct 2023-Nov 2023. The corrective structure still looks incomplete though.2200 is the support area for this commodity and also the area from which the next leg up towards 2350 is expected to begin. You can also witness the classis price-volume relation on this chart. Volume...
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.
Buy Zone mentioned in above chart. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein....
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...
Hello & welcome to this analysis In this chart we can see a diagonal breakdown which bought the stock down to 380 where it went into form a bullish harmonic cypher to be followed by a bullish RSI divergence It could now attempt further upside till 425, then 440 & 455 as long as it sustains above 400. Good set up for momentum at the moment.
LALU seems to have broken out from its consolidation, 17.4 will be the flip point to make the counter break the structure in to more bullish! RSI seems broken as well
W FORMATION formed on Hulamin which broke above the neckline today. Tomorrow if the price opens above the Neckline the signal will be solidified. 7>21 - Bullish Price<200 - Mixed RSI <50 and bearish divergence Target R3.59 FUNDAMENTALS Hulamin Limited is a leading aluminum semi-fabricator and fabricator based in South Africa. Hulamin produces a wide range of...
Perhaps some technical pattern play here? Since there are red chip appear today. No harm to monitor if there is a breakout from this pattern. 3.9 area double bottom trigger the rebound.
Title: Aluminum Futures ( ALUMINIL ), H4 Potential for Bullish continuation Type: Bullish continuation Resistance: 218.00 Pivot: 211.00 Support: 201.40 Preferred case: Looking at the H4 chart, my overall bias for ALUMINIL is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect...
NACL ( NATIONAL ALUMINIUM ) is in uptrend so you can go for long and the expected target price will be 90. Note : This is just for Backtesting and Educational Purpose Only.