After 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.
We were very close to the analysis being null and void. But then, we had a change of wind and the market bounced off the lows heading back to the range. It then broke up and is now on the way to the next target at R3.91 Looks good still.
Cup and handle has formed on Hulamin since 10 May 2023. With these Penny STocks and less liquid markets, they can take a long time to form patterns and formations. But when they breakout, they can rocket in the direction of the breakout. I like that it's restested the support and brim level, and is showing that the buying is accumulating. And that that...
Ascending Triangle has formed since 13 June 2022 on Hulamin. There are higher lows and same highs. This means, momentum is pushing on up. Other indicators include: 7>21 >200 RSI<50 - Higher lows Target R3.59 and then R5.40 SMART MONEY CONCEPTS: Now with Smart Money Concepts, we have something interesting. A LARGE Bearish FVG (Fair Value Gap) has formed on...
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...
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...
M Formation has formed on Daily. Things have been looking very bad for Hulmain for the last year now. 200 >21> 7 - Bearish RSI <50 and bearish divergence Target R2.25 General info: Hulamin (est. 1935) is a South African aluminium rolled products manufacturer and distributor, listed on the Johannesburg Stock Exchange (JSE). They produce a wide range of...
BULLISHness on good old Hulamin has struck. We see the price breakout above the Ascending Triangle as price is also above >200MA Target 1 - R3.80 Let's see how this one plays out as the price is meandering around the sideways levels. We need a strong catalyst for upside...