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...
Ascending Triangle has formed since 13 June 2022 on Hulamin.
There are higher lows and same highs.
This means, momentum is pushing on up.
Other indicators include:
7>21 >200
RSI<50 - Higher lows
Target R3.59 and then R5.40
SMART MONEY CONCEPTS:
Now with Smart Money Concepts, we have something interesting.
A LARGE Bearish FVG (Fair Value Gap) has formed on...
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...
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...
BULLISHness on good old Hulamin has struck.
We see the price breakout above the Ascending Triangle as price is also above >200MA
Target 1 - R3.80
Let's see how this one plays out as the price is meandering around the sideways levels. We need a strong catalyst for upside...
