Get started
AssetDesign

Alcoa - Friday's Test of Low = Buying Opportunity

Long
Alcoa Corporation (BATS:AA)  
AssetDesign Updated   
BATS:AA   Alcoa Corporation
Wave Analysis
1
1
waveanalysis
The first impulse move off the low illustrates a possible 5 wave impulse structure. Assuming we are in wave 4, a fifth wave, most likely exceeding the high of wave 3 can push AA to 35-36 over the very short term. Watching to see if the closing low of three weeks ago holds. This has often been a trigger for my trades.
Comment:
snapshot
It's right there Watch to see how it closes
Comment:
snapshot
Big picture shows downward drift. 10 year average
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.