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Hulamin

Hulamin poised for great upside in 2024Cup 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 price is above the 200MA. These are always risky markets to dabble into, but they're fun nevertheless. Target R3.91 FUNDAMENTAL ANALYSIS: Growth in the Can Market: Hulamin has been focusing on expanding its presence in the lucrative can market. This strategic move likely increased investor confidence in the company's growth prospects and operational focus. Aluminium Prices: The price of aluminium has been testing a 13-year high, which positively impacts Hulamin's valuation and profitability, as it is an aluminium products group. Stock Movement and Company Talks: The company's stock has seen significant movement, with its value almost doubling in a week. This surge is partly due to Hulamin being in talks that may affect its stock, though details of these discussions were not disclosed.
JSE:HLMLong
by Timonrosso
Hulamin Asc Triangle and Bearish FVG showing up signs to R5.40Ascending 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 the weekly chart. What is a Bearish FVG? A 3 candle structure with a down impulse candle that indicates and creates an imbalance or an inefficiency in the market. Between candle 1 and 3, do NOT show common prices. The price needs to move back up to rebalance and fill the gap. During this process, it will rebalance and head on up to R3.59. Also the resistance will be broken, which will give way for the price to move to the next target of R5.40.
JSE:HLMLong
by Timonrosso
Hulamin just gave an awesome buy signal to R3.59W 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 high-quality aluminum products, including rolled products, extrusions, and aluminum cans. Hulamin's rolled products include aluminum plates, sheets, and coils, which are used in the transportation, packaging, and construction industries, among others. The company's extrusions are used in a variety of applications, including building and construction, transportation, and engineering. Hulamin is looking bullish which is curious considering the resources on the JSE is showing downside to come. This is probbaly because there is high demand for aluminium than precious metals at the moment.
JSE:HLMLong
by Timonrosso
Hulamin downside update to R2.25M 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 R2.25 ABOUT: Hulamin is an aluminium semi-fabricator business located in South Africa supplying customers across Africa and the world with an extensive range of quality products. Supported by a sales office in South Africa and a network of international agents, the company sells to leading manufacturers and distributors across many industries around the world.
JSE:HLMShort
by Timonrosso
Hulamin just got a sell signal to R2.25!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 aluminium products, including plate, sheet, and foil products. The company has a strong focus on innovation and has developed a number of unique and patented aluminium products. There seems to be trouble in the Aluminium space. Either there is an overcapacity, lower demand, better alternatives and higher competition or there is a shift taking place where consumers are turning more and more to renewable sources. This is going to hamper the prices further with these companies.
JSE:HLMShort
by Timonrosso