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...
A nice positive candle from support although the week didn't end yet.
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 - 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 Intraday - We look to Sell at 37.00 (stop at 41.12) This stock has recently been in the news headlines. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. Further downside is expected although we prefer to sell into rallies close to the 37.00 level. Our profit targets will be...
I think we're going to see a dip to mid $20's sometime in November before we see any movement upwards. Long term it looks like it wants to settle between $37-$40 range for a fair price. That's plotting the chart from 1987 till now. Using also a fib from 2020 to present day. They are also going to report a -$20 million dollar loss on their earnings report this...
This looks like a solid long setup here. They'll try to bring price up to the high volume node at around $62.50, which also happens to be the 50% retracement of the entire leg down.
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
CAPITALCOM:AA Alcoa (AA) is at an all-time high of 62, which it last saw in April 2018. It plummeted after reaching that high and took until now to regain the loss. That’s almost a four-year gap. The question is now what will happen. Is it going to go up or down? We can deduce a few key chart patterns by looking at the daily chart. Marking out the long-term...
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...