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 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...
