UPDATE: Hulamin hit target at R3.91 heading to R4.40After a long wait once the price broke above the W Formation.
Then moved sideways and crossed above with the Cup and Handle.
The first target of Hulamin hit at R3.91.
The momentum is still strong and on the up. And we can easily see further upside to come.
So, the next target with similar momentum will be to R4.40.
HLM
JSE:HLM Hulamin MarkupAfter a long downtrend, we have seen an accumulation trading range starting in April 2020. After a change in character after a last point of support (LPS) in October, we have seen some volume and a markup start. Now after a backup that was unable to make much progress. We have now seen a significant bar with some volume and the expectation is for the markup to continue.