Reasons for bullish bias: - Price gave LH plus strong resistance breakout - Triangle pattern - Bullish Gartley on weekly Here are the recommended trading levels: Entry Level(CMP): 31.53 Stop Loss Level: 24.52 Take Profit Level 1: 38.54 Take Profit Level 2: Open
If you haven`t bought AA before the previous earnings: Then analyzing the options chain and the chart patterns of AA Alcoa Corporation prior to the earnings report this week, I would consider purchasing the 30usd strike price at the money Puts with an expiration date of 2024-1-19, for a premium of approximately $1.13. If these options prove to be profitable...
Analyzing the options chain and the chart patterns of AA Alcoa Corporation prior to the earnings report this week, I would consider purchasing the 30usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $2.47. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
Alcoa Corporation - 30d expiry - We look to Sell at 38.98 (stop at 40.98) Daily signals are mildly bearish. Previous support at 39 now becomes resistance. This stock has seen poor sales growth. There is no clear indication that the downward move is coming to an end. Preferred trade is to sell into rallies. Our profit targets will be 33.98 and 32.98...
Analyzing the options chain of AA Alcoa Corporation prior to the earnings report this week, I would consider purchasing the 40usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately 3.00usd. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your...
Alcoa Corporation - 30d expiry - We look to Sell at 38.98 (stop at 40.98) Daily signals are mildly bearish. Previous support at 39 now becomes resistance. This stock has seen poor sales growth. There is no clear indication that the downward move is coming to an end. Preferred trade is to sell into rallies. Our profit targets will be 33.98 and 32.98...
Alcoa Corporation - 30d expiry - We look to Sell at 38.98 (stop at 40.98) Daily signals are mildly bearish. Previous support at 39 now becomes resistance. This stock has seen poor sales growth. There is no clear indication that the downward move is coming to an end. Preferred trade is to sell into rallies. Our profit targets will be 33.98 and 32.98...
Analyzing the options chain of AA Alcoa Corporation prior to the earnings report this week, I would consider purchasing Calls with a 45usd strike price and an expiration date of 2023-5-19, for a premium of approximately $1.11. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. I am interested to hear your...
From a technical point of view, Alcoa still has an interesting technical structure in play in the medium term. As we can see on weekly chart, the pullback triggered from the last Top reached an important support area around $33 and from here, the market has developed a nice reaction, at the same time however, we need to destroy the important resistance area around...
Alcoa Corporation - 30d expiry - We look to Buy a break of 58.33 (stop at 53.81) There is no clear indication that the upward move is coming to an end. Daily signals are bullish. The previous swing high is located at 58.24. A break of the recent high at 57.61 should result in a further move higher. The primary trend remains bullish. Our profit targets will...
Alcoa Corporation Long Entry at 54.62 Take Profit at 62.22 (13.94% profit from entry) Stop loss at 49.55
Order SELL AA NYSE Stop 36.21 LMT 36.21 will be automatically canceled at 20230401 01:00:00 EST AA weekly bearish head and shoulders wave 3 of C correction wave
Correcting nicely... Love the company and will be a amazing opportunity down the road. Lets follow together and enjoy the ride. Next cycle will be different.
Broke below trendline, watch for continuation and retest of lows
This trade has a great R:R imo. Just a couple of days ago some heavy flow came into the January $75 calls. Over $5MI in premiums. Price is bouncing off support and showing reaction. Stop loss can be just below support and target can be $75 / $80
Market finished 1 to 5 Elliot wave theory and we are forecasting that this is the end of an ABC correction because it is 0.382 fib zone and top of the accumulation zone. Entry: 65 Invalidation: 53 Target: 88 (middle of the accumulation zone)
ENTRY: 88.02 SL: 79.15 TP: 98.09 - ADX<20. Would like to be higher. - Daily RS +ve - Daily FFI -ve - Weekly RS +ve - Weekly FFI +ve - Maintaining and looks like rebounded well around pivot point "P". - Looks like possible channel movement off the bottom - Entry based on breakout from Swim Trading VZ and Monthly CPR today but prefer it closed above.
It seems we reached the end of an impulse, and that means there a new road going South. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets going down are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere...