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...
A confluence of bearish indications Alcoa's share price is currently probing the psychologically significant resistance level at 40.00, which serves as the upper boundary of a major accumulation range. The latter's lower end is represented by the support level at 17.00. Breaking higher would prove quite difficult for the share price due to the massive selling...
$AA on an upward channel. Buy zone around $31 Stoploss around $29. Infrastructure play. Happy Trading, from CJ -- aka the greatest FURU. To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile. 🚀🚀🚀🚀
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...
Fundamental analysis: - Positive report-date - Relatively Cheap - 5y growth 200%! Technical analysis: - See chart
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Missed my first entry but what is the next ones! $AA breakdown!
Welcome back Traders, Investors and Community! Analysis of #ALCOA CORPORATION If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish BAT With potential Max R/R 2.95% A...
$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...
I rolled out my short calls to January. My current plan is to sell puts if we retest the 10.95 level.
We might have an extended 5th within the 5.
Double Top has formed for ALCOA CORPORATION which gives us signal to SHORT. However, if the price breaks the resistance level 14.00, upside movement will most likely to happen. To note, the current price is currently on the lowest pivot point, it might also gives us signal that V-shape recovery would likely to happen if the stock price rallies to go up. Key...
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!
What about a 11RR? Alcoa at a daily demand level