AWC Nicely breakout! Trending strong!!if you follow this stock. its getting better and better.
it might break out $2........ (hopefully it will)
It returns like Victory shape.
AWC is such raising star that shines..
Go team A W C.
What a beautiful strike AWC! A.W.C has a big breakout from both resistance and downward trend. it sits up on 200MA.
All the trend lines are intact. 5/10/20/60 MAs are pointing up with a beautiful 45 degree angles.
More investors are joining to AWC. Although Citi / Morgan see the price at $1.30.
AWC produces Aluminum which is
AWC is "On Time" for a move upThis one to me looks great on multiple timeframes with technical's and price indicating evidence of bottoming with another move higher.
Short term conditions -
Long term conditions -
My stop is 1 ATR below the .618 level and target is 2.20which represents a very good risk to reward ratio of
ASX 300. Will it hold the price & RSI uptrend lines?Given the aluminum price rises this should hold.
Both the price and RSI trends need to hold
But, is that a bear flag or a uptrend channel?
There was some positive divergence at the bottom of the downtrend so it should be good.
Price target would be $2.28
$AWC breaking out Good consolidation period and now making a clear breakout. Significant underperformer compared to $AA .
AWC - Trade PlanAWC has broken out of its downtrend line and rocketed higher last week without any pull back. It may find resistance up in the $2.100 zone, and any pull back lower shall be a great buying opportunity. My area of interest is the old broken resistance zone between $1.780 - $1.80. Lets see how it goes.
AWC.ASX_Range Breakout Trade and Retrace_ShortENTRY: 1.595
SL: 1.690
TP1: 1.510
TP2: 1.435
- ADX<20
- RSI<50,RSI>30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI -ve
- Weekly MACD -ve
- Broke out from triangle on 16 Jun 2021.
- Retraced and rejected trendline on 28 Jun 2021.
- Possible hidden selling on 2 Jul 202
AWC - Bullish Trade PlanMy trading bias for AWC is Bullish as it has clearly bounced off the lows (Support), High Volume Profile Zone and the lower edge of the Pitchfork Channel, suggesting that Bulls may have taken control. I think that AWC should continue moving higher.
TP ~ $1.820 (potential 9% gain)
Stoploss - below $
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