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 used in construction. There will be more demands in coming days. I...
This 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 1:5 at current levels.
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 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.
Please note these are my own notes, by no means trading advice....
My 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 $1.600
Please note these are my own notes, by no means trading...
Good stock to have in portfolio.
Looks pretty strong in monthly and weekly charts but daily charts tells little more.
doesn't look bull will able to take it further upwards.
I think it's going to give good buying opportunity at $1.60 - $1.50 range. Where volume provides good support.
even if 1.50 support fails, there is strong support at around $1.43...
Alumina Ltd. engages in the business of bauxite mining and alumina refining. It also focuses on investing in selected aluminium smelting operations. The company was founded on December 11, 2002 and is headquartered in Melbourne, Australia.
Noticed this stock on a recent screen. It shows a descending triangle nearing strong support ($2.12-$2.15) levels. Don't have a position on this and the company fundamentals look pretty good at the moment but a break below $2.12 would be very bearish from a technical perspective. Alternatively, if it bounces off the support level again it might be a good position...
ASX:AWC
Looking for this stock to rebound from its sharp sell off. It followed the market down.
Its a watch and see at the moment and will assess tomorrow.
VectorVest users may use Midas Touch graph of Materials (Aluminium) industry, you will see that 15-Dec-17 was the date when MA RT(5) crossover the benchmark level.
Let's analyse these two hot stocks S32 & AWC together side by side.
At this stage, both stocks are not recommended to buy as per markups.
