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Potential Buy Entry Alert to Watch AWC
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $6.74 Billion Market Cap, VWAP 2.32, ASX Ranking 74, 4 Week Av Turnover $14,882,938, Current Turnover Intraday $3,720,640 (11:40am AEDT), PE Ratio 8.3, Gross Div Yield 15.95%.
Company Overview : Alumina Limited (AWC) is an Australia-based company. AWC is engaged in investing in bauxite mining, alumina refining and selected aluminum smelting operations, through its 40% ownership of Alcoa World Alumina and Chemicals (AWAC). AWAC also has a 55% interest in the Portland aluminium smelter in Victoria, Australia.
Broker Consensus : Not covered by a major broker
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AWC – Alumina Limited
AWC is looking poised and ready for a major run higher as the longer term buyers stack up to hold above 2.10. We are now watching for the volume to increase and 2.20/2.25 to hold and a push up through 2.50 to build the entry setup. The entry will be off the daily chart with the confirmation that the weekly is starting to make its move.
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Stock Code : AWC – Alumina Limited
Company Website : www.aluminalimited.com
Current Price : 2.31
Status : On watch for potential higher low and push up through 2.50
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