Noobs not betting on this one againlast precious metal was lithium now elon is going to outter space noobs , You're welcome
CENX trade ideas
CENX ready to move higherHeld exactly where it needed to, on the retest of the DTL. Look at what PEPEUSDT did after the retest of .....076 on may 13th. Straight up since then. The best thing about this trade is that you can size it huge as Friday was a super tight day. Lows at 17.75, making this a 1% SL from the close.
$CENX A Cyclical Industrial Metal Stock for the Cold HeartsAluminum 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 less risky big cap aluminum stock.
Don't panic sell - follow-up of previous postYes, 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.
CENTURY ALUMINUM Stock Chart Fibonacci Analysis 041823 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 9.86/61.80%
CENX This could be the oneThe 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.
Century Aluminum Company - IHS 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.
CENX : TIME TO SHORT?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...
CENX Hight-Tight-Flag/Power-Play1. 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 - Looks to be coming out of base and headed higherCENX 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 the 2/3rds ("2" fib) for
reference. Dorsey suggests this for downward
targets, but I find them of value in both up/down
moves.
This is not buy/sell advice, but rather what I see
looking back and forward.
Bearish indicator for $CENX to fall down to $11 by October 1stVery good bear indicator for you to make money off the #optionplays
Longer Term CENX to New ATHThis 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 asking more for months and dates of turns and the bigger swings. Some will still be quick, and I hope I can be guided to cut and run on those.
CENX, however, is suggested as a longer term play. It does have options and they are actually traded! We're looking for a new ATH that may occur in February or March.
BTW, I seldom know these tickers or what the companies do. I just relay the reading I'm given based on what I ask, and I usually don't look at charts until after the reading is completed.
CENX Daily Bullish Bat
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
CENX: Just a beautiful patternWarning 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.
CENX breaking outIm 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
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 12.
Momentum and strength indicators are supporting that the stock would move upward to hit $14.65 and $16.25 levels consequitvely on the short term.
Century Aluminum shares CENX rose 7.62% in yesterday's trading in a strong session for metals.
CENX: Breakout Confirmed, 36.38% Potential Profit!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%
$CENX failing to break out of a key level. 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?
CENXCentury Aluminum Co (NASDAQ:CENX) displayed some impressive relative strength on Friday with a 17.43% gain on high volume. The $19.60 is a key to watch for this stock. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and RSI back above 50. The nearest trend is in favor of Bulls and price has room to go higher. If the stock can break through that level, we should see strong volume drive the stock higher. Long setup on watch.
$cenxrange bound but a lot of money can be made playing the bottom and top of that range. High risk/High volatility stock take smaller position than normal
