🚨 TRADING ALERT: Is Howmet Aerospace ($HWM.US ) about to break out? 🚀
I was scanning the charts, and 219.65**, up nearly +9.36%! Here is my raw, unfiltered breakdown of this 1D chart. 🧠🔍
📊 The Technicals: Look at the structure. We have a massive, strong green volume bar pushing the price up. However, we are facing immediate resistance. The price is caught between the MA(7) at 212.88 (acting as support) and the MA(25) at 230.05 (acting as heavy resistance). We are currently testing the upper boundary of this consolidation.
⚖️ SHORT or LONG? I am leaning LONG, but with a strict plan. 🟢 The momentum is clearly bullish, and that volume spike shows serious buyer interest. I am not buying blindly at the top of this candle.
🎯 My Plan: I will wait for a slight pullback or consolidation. If the price holds above the MA(7) around 230 MA(25) level. Stop loss goes just below today's opening range to protect capital. 🛡️
What’s your take on $HWM.US Are you buying the momentum or waiting for a pullback? Let me know below! 👇🔥