Alumina Limited (ASX:AWC) Bulls in Favor

Alumina Limited (ASX:AWC) Bulls in Favor

Alumina Limited (ASX:AWC) Bulls in Favor

Alumina LimitedOverall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 1.54.

The projected lower bound is: 1.35.

The projected closing price is: 1.44.


A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 22 white candles and 23 black candles for a net of 1 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 76.6840. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 59.51. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 88 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 187.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 2 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 1 period(s) ago.

Rex Takasugi – TD Profile

ALUMINA FPO closed down -0.050 at 1.440. Volume was 89% above average (neutral) and Bollinger Bands were 12% narrower than normal.

Open High Low Close Volume___
1.475 1.480 1.432 1.440 22,115,692

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 1.38 1.36 1.28
Volatility: 68 43 52
Volume: 16,473,332 10,200,357 13,144,115

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


ALUMINA FPO is currently 12.1% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of AWC.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on AWC.AX and have had this outlook for the last 1 periods.


Alumina Limited invests in bauxite mining, alumina refining and selected aluminum smelting operations. The Company’s business undertaking is in the global bauxite, alumina and aluminum industry, which it conducts principally through bauxite mining and alumina refining, with some minor alumina-based chemicals businesses, aluminum smelting and the marketing of those products. The Company conducts these business activities through its joint venture, Alcoa World Alumina & Chemicals (AWAC). AWAC is a producer of alumina and miner of bauxite. AWAC operates mines integrated with alumina refineries in Western Australia and Brazil. Other refineries operate in Spain and Texas in the United States. AWAC’s bauxite deposits are extracted by open cast mining from strata, typically 4 to 6 meters thick under a shallow covering of topsoil and vegetation. The topsoil is removed and stored for later use in restoration of the forest. AWAC supplies bauxite ore to Pinjarra and Kwinana Refineries.
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HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

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