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 high-quality aluminum products, including rolled products, extrusions, and aluminum cans. Hulamin's rolled products include aluminum plates, sheets, and coils, which are used in the transportation, packaging, and construction industries, among others. The company's extrusions are used in a variety of applications, including building and construction, transportation, and engineering.
Hulamin is looking bullish which is curious considering the resources on the JSE is showing downside to come. This is probbaly because there is high demand for aluminium than precious metals at the moment.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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