Aluminum is a highly cyclical sector just like other industrial metals. If you think the cycle continues, this is the sport to buy at trough levels. It could get cut in half if things get ugly. If things go okay and demand rises and the sector tightens, this stock can travel to $25-30 quick like it has several times before. Small investment. AA Alcoa Corp is a...
Yes, it looks bad I know. Even an there is engulfing candle. But there is a lot of support underneath. It may drop some more, but I don't think is going to crash. Give it a couple of weeks to accumulate purchase orders again. I'm holding this one for a few more months. I knew this could happen. I may buy some more but I want yo see some buying signal first.
The last two times the price dropped down more than 80% it bounced off very aggressively. Apparently is forming an inverse HS. Will the history repeat? I just bought some calls expiring on 01/2024. This stock is very volatile, so manage well your risk and emotions.
CENX has managed to claim back the 200dma and has formed a nice inverted head and shoulders pattern to launch off..
$14.50 level above will be the first likely target.
Stop and Target on the chart.
The aluminum is at historic highs and their stocks are high for many years. Maybe one could, with a lot of care and slowly, start building some short positions at these stocks. They have gone up a lot and abruptly...
1. Over 100% move on volume from a big base(48weeks).
2. 5'th Week tightening consolidation on decreasing volume.
3. 8&21EMA caught up the price and holds it while the market(QQQ &SPY) is pulling back.
CENX has built a nice base, and appears ready
to move up. (Those familiar with DeVilliers/Taylor
might see this as a large fulcrum (with a smaller
continuation fulcrum) following). I've highlighted
a few pattern setups within this basing structure.
I've included vertical measures for prospective
targets. I apply the 3 times measure of the
"count" column, with...
This is a pendulum pick. Actually, I want to primarily focus only on the pendulum picks because it's just more interesting. They can pick up on energy outside of what we can possibly know from the news or charts; and while they aren't all a hit, the ones that are can more than makeup for any duds.
The work is also shifting as I learn to ask differently... I'm...
Warning VERY dangerous stock, DON'T mess with it ... Its a real widow maker.
I am only posting it because its a beautiful pattern ( like how a scorpion is beautiful ) stretching over many years.
I'm not in it and I have no recommendation.
Im buying CENX here as it breaks above the supporting moving averages. It gapped higher, then closed the gap. Aluminum company CENX is a nice inflationary play.
Industrial metals are set to witness an upcoming rally after Joe Biden's $6T budget proposal, The spending plans would fund investments roads, water pipes, broadband internet, electric vehicle charging stations and advanced manufacturing research.
CENX is an industrial metal stock that's being traded within a descending channel on the 4hr time frame since March...
Description: CENX is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $13.7 - $14.6
2. Take profit: $18.97
3. Stop Loss: $12.88
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 95%
Could be a short down, or could wait for a stronger market day to pull it. Aluminum prices breaking out of 2011 range, this still might break out. Not sure if a catalyst would be needed, i.e. strong earnings?
