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!
4H Chart Explanation: - Price broke the Ascending Trendline and started a huge down move. - Price broke the Support Zone (Resistance Zone now). - We are expecting a correction that allow us set a trade towards the next Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
Can't really make a trade here, but thinking about the relative value of other businesses, Alcoa getting below $2B valuation with $128M in FCF is a weird place to be. Other industrials could quickly nab them to maintain supply chains and consolidate the group.
From a technical point of view, ALCOA has reached a very important support area and if it manages to keep it, a technical rebound or a reversal trend is possible. If you think our analyzes are useful, support us with a simple "Like", thank you and trade with care!
4H Chart Explanation: - Price broke the Descending Trendline on a Weekly Basis. - Price bounced on the Support Zone . - If price breaks the next Resistance Zone, it has potential to move up. Weekly Vision: Daily Vision:
4H Chart Explanation: - Price broke the Descending Trendline on a Weekly Basis. - Price is near an important Support Zone. - Bullish CCI. - If price bounces from here, potential to move up towards the Resistance Zones. Weekly Vision: Daily Vision: Updates coming soon!
4H Chart Explanation: - Price broke the Descending Trendline on a Weekly Basis. - Price is on a lateralization after that. - Price is on an important Support Zone. - Bullish CCI. - If price bounces from here, potential to move up towards the Resistance Zones. Weekly Vision: Daily Vision:
good investment ahead patient
Weekly Chart Explanation: - Price was on a Descending Channel since April 18'. - Price bounced on the Support Zone and broke it. - Bullish Divergence on MACD. - Price is on a Corrective Structure before starting its up move. - If price breaks it, there is potential to move up towards the Resistances Zones. Updates coming soon!
AA is making a short-term ascending triangle since 8 days, that should break in 2 or 3 days, combined with a crossing of the weighted moving averages of 5 and 25 days. The corresponding MACD also indicates a buy signal. Those 3 indications are a good buy for a 2 or 3 weeks planned bullish move. The move should stop at or a little bit above 23$, which is the...
Use this as an idea to develop your own setup: Main items we can see on the Daily Chart: a)Price is against a major Support zone b)We can see how the Bearish Movement have been decelerating c)This on context is a good signal for thinking on Reversal movements coming soon d)On the weekly chart, we can see a huge bullish Divergence e)Our idea is to wait for a...
AA is approaching its support at 25.43 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 33.89 (23.6% Fiboncci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching support where a corresponding bounce could occur.
ALCOA Buy Idea @Weekly Demand Zone (43.84 - 46.46) Buy Limit: 46.48 Stop Loss: 43.40 Take Profit: 55.29