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GRAFTECH INTERNATIONAL LTDGRAFTECH INTERNATIONAL LTDGRAFTECH INTERNATIONAL LTD

GRAFTECH INTERNATIONAL LTD

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EAF trade ideas

Brighter day ahead for EAF?Fundamental EAF is a manufacturer of graphite electrodes and petroleum coke, which are essential for the production of electric arc furnace steel and other metals. Currently, approximately 60% of the world's graphite electrodes are produced in China. With the uncertainty in political tension between the 2 countries going forward, China could add tariff or constraint on their graphite electrodes export, which could act as a tailwind for Graftech, which is the most notable player in this field. The industry demand for graphite electrodes is currently in the trough area in the cycle now, however, this is actually a good time to buy when it comes to industrial companies when their multiples look the worst. With potential brighter day ahead in the cycle, the price that we are traded now for EAF could be the bottom for the future. A lot of insiders have also bought shares recently, which also acts as some positive signal. EAF has a lot of debt, but their debt has been on the down trend year by year, which is the good thing. Furthermore, their debt is not maturing until 2028, so with the current pace of paying off debt, and rate potentially has peak, this could also be a tailwind for EAF. Technical From the technical side of thing, EAF is currently traded at the lower end of their downtrend channel. It could consolidate here for sometimes given their earning is not until august this year, but it does look like a solid bottom here with 1.17-2 seems to be a consolidated zone. Once this zone breakout, this could run all the way to the upper end of the downtrend channel, which is around the 4-6 area and higher. Please note that this is a long term play. I would expect it would take EAF a few quarters to show that they are turning the tide around, so I am predicting 4-6 range to be traded in 1 year time, while a more optimistic range of 9-10 could be traded in the 2-3 years time horizon. This could happen with the cycle improves or some demand bottleneck happens due to either the green industrial acceleration or political tension with China. PT1: 4-6 PT2: 9-10
NYSE:EAFLong
by TraderKierran
Graftech waiting for a mexican resolutionshort term could bump its head on $6 Only to give it up for a better opportunity around $4,50-5 positives Graftech manufactures electrodes used to make steel will benefit from China re-oppening the St Marys mine could be up and running end of 2023 Negatives suspended facility in Mexico could affect ~50% of their Q42022/H12023 production. This will have a massive impact in GrafTech's cash flows cash and cash equivalents of $109 million and total debt of approximately $921 million." Could be dead money with the stock drifting lower maybe a late 2023 play
NYSE:EAF
by PoPnoStyle
Want to make money like big guys in the market follow them!I like to write a little story about my stocks picks even though I am sure most of the people don't bother to read them. However, I think every stock has a interesting story behind it as how it got here and where it is going from here. At the end of the day prices are controlled by humans and stocks follow their masters. This week I stumble upon a very interesting phenomenon. Usually I brows through set of stocks with potentials and do technical analysis to find my entry point. Looking at EAF I found it forming a very nice base, the RSI has rebounded nicely right around 11.80 level. and has potentials to go to double top at 14 level. Then zooming out I can see the next resistance level is between 17-20 level. That is almost 100% potential gain. On the down side EAF has room to go down to 9.00 may it go down from here and breaks the 11 dollar resistance point. Hence go about this I will add at 11.00 may we get there and and have a very tight stop. So I execute the trade mid week and was waiting to see if the break out will fail or not (so far it has not)! However, on Friday something very interesting happened. EAF volume average around 3-4 million shares a day. However, at the end of the day someone bought 10 millions of EAF. So here is the take home message, if someone drops 100 million dollars on a stock (with exception of so called meme stocks) and technical and fundamentals also make fit the scenario then it is no brainer to follow. Because someone who plays with hundreds of millions of dollar for one knows what they are doing otherwise they wouldn't have or be trusted with that kind of money. So here is how I am going to play EAF moving forward next week if it breaks above 12.40 I will add 50% to my position, if it goes down to 11.70 I would also add 50% to my position. I will sell off 1/3 at 14 1/3 at 17 and keep 1/3 untill the cows come home!
NYSE:EAFLong
by alitrader007
2
EAF small gain not looseBig pictrue of fundamental analysis and technical analysis. market is stadely rising, because it is cristmass time it is expected that market will still rising. breath is on uppoer peaks, but have still room for a few days. vix is approaching very low levels below 14. Write sometning about your psyhology thinking before trade? too fool of food but stady Describe the trade. What you see? price is gooing up in a nice channel. At the moment price in support level and is about to change and go up. there is tiny inverter hammer, but not significant. rsi si at lowest levels, and volume is falling from gap. Write why you want to enter the trade in this point? support, rsi, volume What have I done well for this trade? enter point was according to resistance What can I take away to help with later trades? that if you have a gap you shall reconsider the dead cat bounce what realy happened on this trade Comments during the trading? I shall go out of thrade, probably dead cat bounce Was any error during trading? (yes/no) no Coaching Talk? ok at the end you have a little win so you manage trade approriate
NYSE:EAFEducation
by matjaz70
GrafTech International - EAFProvided 5 days ago in the PRO Package Hi members! The SMF strategy forecast indicates a setup on the following pairing; Symbol Name : EAF Stock : GRAFTECH INTERNATIONAL LTD Exchange : NYSE Sector : Basic Materials Insdustry : Specialty Mining & Metals Term : Short SMF strategy would be to Buy : Between : $11.60 - $12.00 SMF strategy would be to Sell at : Short time: Target 1 : $ 12.40 (5% Profit) -----------ACHIEVED Target 2 : $ 13.00 (10% Profit) Target 3 : $ 13.9 (18% Profit) SMF strategy would be to set a stop loss at : Stop Loss: $ 10.6 Trader Comments on the forcasted setup: Crossing up the trendline, and passing the reversal line and the ema and ma 200, 100 on the 4 hours and we have a gape between the 4h and the day chart.
NYSE:EAF
by SMFinders