Takeaway

The presenter argues that the aluminum sector, specifically equities Alcoa (AA) and Century Aluminum (CENX), represents a strong value opportunity. He believes both stocks have completed their downside corrections and have bottomed, making the current levels an attractive entry point. The speaker notes he has been actively buying Century Aluminum.

What the presenter said

• The aluminum sector is a good value opportunity within the base metal area. [00:41]
• The presenter believes Alcoa has finished its downside movement and is expected to go higher. [00:16]
• Century Aluminum is also expected to move higher from its current level, having put in a bottom. [00:26, 00:39]
• The speaker states he has been buying Century Aluminum for the last two days. [00:37]
• He notes that he waited for a month for Century Aluminum to pull back into this area before buying. [00:29]

Trade ideas

• Instrument: Century Aluminum (CENX)

  • Direction: Long
  • Entry: Around 40.81
  • Target: None stated
  • Stop: None stated
  • Horizon: Short-term
  • Conviction: High

• Instrument: Alcoa (AA)

  • Direction: Long
  • Entry: Around 47.31
  • Target: None stated
  • Stop: None stated
  • Horizon: Short-term
  • Conviction: Medium

Levels and data cited

• Alcoa (AA): 47.31 (current price on chart, identified as a turning point)
• Century Aluminum (CENX): 40.81 (current price on chart, identified as a turning point)