Today we will speak about ALCOA: In March, we posted the expected movement of the current trend (Link to related ideas). After 2 months, the price has already reached a major Resistance zone that has been working since 2010 Now we are asking the question. What's next? To answer this, we will use the previous price information we have to develop possible paths...
Alcoa (NYSE:AA) was a big winner Friday, as the stock closed up $32 on decent volume. I feel that there will be a continuation move next week, but I want to see a close above $33 before I buy. There are several short term technical indications suggesting that AA could make a move to higher levels. Worth putting on the watchlist.
This is a simple post, mainly for people holding this stock and want to have an idea of exit levels or what to expect in the coming weekly candlesticks. -Our approach to any chart is straightforward. It is based on analyzing things that happened in the past in specific areas and then replicating those conditions to the present to understand how the price can...
AA has had some recent huge sell off with volume appearing to absorb all those sold shares. Overall, I think this is looking quite bullish in the current channel it is in. Looking to scale out at different price levels. Also looks poised for a huge breakout on the larger timeframe bull flag its been in
A good bullish recovery. The stock is going up in value. I expect more growth. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
Fundamental analysis: - Positive report-date - Relatively Cheap - 5y growth 200%! Technical analysis: - See chart
HIGHLY LIQUID OPTIONS SINGLE NAME EARNINGS (LISTED CHRONOLOGICALLY IN ORDER OF ANNOUNCEMENT AND SCREENED FOR >50% 30-DAY IMPLIED): HAL (13/61/13.9%),* Tuesday, before market open NFLX (25/50/11.3%), Tuesday, after market close AA (18/69/15.9%), Wednesday, after market close UAL (13/64/14.8%), Wednesday, after market close From a bang for your buck perspective:...
Missed my first entry but what is the next ones! $AA breakdown!
$AA Alcoa Corp - Oversold finding support just above $11.50 this week. Expecting to see a near term bounce from this level. Adding to the bullish sentiment - some unusual options activity Friday: 19k $14.00 strike (far OTM) Jan'21 calls traded vs open interest of 1,156 or 16 times OI for a total premium outlay of $1.5M Near term price target = $13.00-$14.00...
Uptrend Corridor bounce with target price set at resistance bounce. - 3-month Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $14.86 Suggested Stop Loss $14.53 Target price $16.81 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as...
Alcoa has made over 100% since my initial trade idea. Just as a general rule I booked Some profits and sold calls against my position at my intermediate price target of 20. If price holds from today’s earnings beat the long term downtrend will have been broken. I expect a retest of the down trend line and or horizontal support at some point and will scale back in...
Watching for a push near the daily 200sma, act as resistance or become support depending on the markets. But just a chart i'm keeping an eye on for that breakout over $14
The best time to sell is during the coronavirus Alcoa!
4H Chart Explanation: - Price is on a Down Trend on a Weekly Basis. - Price is on the top of the Micro Ascending Channel. - Now, price can break it up or down. If it breaks it up, it has potential to move towards the Descending Trendline. If it breaks it down, it will move down towards the Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
Daily Chart Explanation: - On a Weekly Basis, it is on a down trend. - However, price bounced on the Support Zone. - Now, it has potential to move up towards the Resistance Zone. Updates coming soon!
Daily Chart Explanation: - Price is on a Descending Trend. - It si close to an important Support Zone. - We expect price to get to there before looking for buy setups. Weekly Vision: 4H Chart Vision:
Alcoa this morning was trading at a price to book of .2. It has broken the immediate downtrend resistance. This morning it was at support from 1975 and held. It is the most oversold it has ever been in its history. Might be interesting to begin scaling a position as the market goes dow
4H Chart Explanation: - Price broke the Ascending Trendline and started the down move. - Now, its on the Support Zone. - If it breaks it, it will go down to the All Time Lows. Weekly Vision: Daily Vision: Updates coming soon!