NYSE:HWM Howmet Aerospace holds a lot of potential. They manufacture components for jet engines, fasteners, and titanium structures for aerospace applications, and forge aluminum wheels for heavy trucks.
Aluminum products are an excellent choice to help achieve higher energy efficiencies due to their lighter weight. Just to give you an example, aluminum alloy...
Entry: with price at or slightly above 51.35
Volume: with volume greater than 4.56M
Target: 56.71 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 51.34 & target of 56.71, a stop at 49.55 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade...
G/G trend with a pullback after earnings.
Has 3-4 propulsion dots across 13/21/34 propulsion dots.
Vscore area,
RAF just below extremes = Minor low breakout.
The only thing about this price action is I would wish for a larger pullback. The entry here is above 13ema, despite the momentum.
Volume support is lower and starts around 41.30.
I'm going to take a...
Notes:
* Strong up trend since 2020
* Great earnings in the recent quarters
* Basing for the past ~14 months
* Recently bounced off historical highs around $31
* Forming a nice and tight pivot area around $35
* Offering a very low risk entry
* Showing signs of strength and accumulation
Technicals:
Sector: Industrials - Specialty Industrial Machinery
Relative...
If breakout wait for pull back buy off support line which was previously resistence.
else if it pulls back to $36 level, 1/2 full size position with stop loss at less than 33.40
Big Picture story: Microchip Shortage = Demand
➡️Pattern recognized:
Running flat
➡️Hypothesis:
Neutral
➡️Catalyst:
Earnings in 3 days
➡️Conclusion:
Credit spreads
***This does not constitute financial advice.***
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From looking at the past. Every time $HWM reached its All-time high (ATH). It dropped and consolidate.
Be careful when $HWM reached its ATH again which will happen pretty soon recently.
Better cash out some part of your position or use the put option to protect your investment.
For self-education use only. Not financial advice.
Hey my friends, HOWMET AEROSPACE is in a bearish fake dynamic with a kind of water-carrying candle followed by a marked bearish leg and a buy volume return made. In the TIMEFRAME M1 we can see a large hammer candle with a low return of issued purchase volume. It came to check the base of the bollinger to get to the top of the balance zone and test it. Great...
Howmet manufactures components for the aerospace, ground transportation, defense, and industrial sectors including aluminum sheet, plate, extrusions, and other specialized parts.
November's Q3 earnings report showed a 37% decrease in revenue Y.O.Y compared to Q3 2019. This was likely due to the pandemic's impact on commercial air travel and aircraft...
The price now at level .618
he tried twice in the yellow cycle as you seen in the figure to break the level (A) but he failed
If the price can break this level (Green) we will see the price at next resistance level .1 and the green one will be strong support level .
My transaction is clear
take profit at 22.00$
Entry price at 17.79$
Stoop loss at 15.30$
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%.
