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HOWMET AEROSPACE INCHOWMET AEROSPACE INCHOWMET AEROSPACE INC

HOWMET AEROSPACE INC

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HWM trade ideas

HOWMET AEROSPACE Course DailyHey my friends, HOWMET AEROSPACE is in a bearish fake dynamic with a kind of water-carrying candle followed by a marked bearish leg and a buy volume return made. In the TIMEFRAME M1 we can see a large hammer candle with a low return of issued purchase volume. It came to check the base of the bollinger to get to the top of the balance zone and test it. Great propability to breakout the price with momentum then then the zone to reach the one above and go to the next high. The highest of the bollinger will be tested excessively (on TIMEFRAME H4) before breaking out a similar equilibrium zone (on TIMEFRAME H1) and test at the high point of this one. Possible test of half of the intermediate median of ANDREWS PITCHFORK. Please LIKE & FOLLOW, thank you!
NYSE:HWMShort
by stephanelibatd
Howmet Aerospace: Hugely Undervalued with Promising Upside(Pt.1)Howmet manufactures components for the aerospace, ground transportation, defense, and industrial sectors including aluminum sheet, plate, extrusions, and other specialized parts. November's Q3 earnings report showed a 37% decrease in revenue Y.O.Y compared to Q3 2019. This was likely due to the pandemic's impact on commercial air travel and aircraft manufacturing as well as Boeing's decision to halt production of the 737 Max. Currently trading just under $25.60, it is massively undervalued given its high profile contracts with giants like Boeing, Airbus, and Daimler. Distribution of the vaccine and a return to normalcy with increased air travel will raise demand for its products used in commercial aircraft production. Boeing also recently announced that it has resumed production of its 737 Max model, which will help Howmet's aerospace division further. The global economic recovery and subsequent rise in household income(followed by consumer spending), will likely lead to a bump in new car purchases and production. This would bolster its already strong ground transportation division. The Daily Chart shows decently high volume and a strong uptrend. With the 50 day moving average of closing prices recently crossing above(and staying above) the 200 day moving average, things look very promising.
NYSE:HWMLong
by CryptoComrade