This company has been a total disaster and recently made a new all-time low. It has since recovered on high volume. It mines bauxite and prices have been rising. If inflation takes off, that is a solid chart base. I do have a position as a hedge since I expect inflation will peter out as supply-chain disruptions fade next year. If I'm wrong, this looks like a promising set up.
THere was capitulation selling at the low. There's resistance around 6 cents, but a lot of people have accumulated down here at the lows.

1 comment:

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