Hulamin downside update to R2.25
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 R2.25
ABOUT:
Hulamin is an aluminium semi-fabricator business located in South Africa supplying customers across Africa and the world with an extensive range of quality products.
Supported by a sales office in South Africa and a network of international agents, the company sells to leading manufacturers and distributors across many industries around the world.
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 R2.25
ABOUT:
Hulamin is an aluminium semi-fabricator business located in South Africa supplying customers across Africa and the world with an extensive range of quality products.
Supported by a sales office in South Africa and a network of international agents, the company sells to leading manufacturers and distributors across many industries around the world.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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