NYSE:AA currently in buy zone testing the bottom of new trading range (stepping stone) and demand trend line. Left the previous 9-year accumulation range on light volume, which provides confidence in underlying trend. The only concern is that materials sector and aluminium industry do not show any signs of market leadership. Good for range-bound trade or...
AA 1D support line ranges back to late 2016, showing VERY strong trendline. Should be a good buy around this area and possibly ride it up to resistance in 2-4 months.
Massive gap to cover, but too rowdy out there so the target could be quietly good to buy at 43-42. I would be buying at that level if I see an opportunity. Learn how to beat the market as Professional Trader with an ex-insider! Have a Nice Trading Week! Cream Live Trading, Best Regards!
alcoa next move could be down, if i look at this chart i would say its a high change that we will make some profit on a short. the only reason that makes me doubt is that alcoa (AA) just publiced some good Q earnings so lets see what happens!
You already know I'm out of this asset and this analysis is made just for a request. Keeping lines from the last idea on AA (by the way target reached), price into a range and risky if you want to trade in the very short term and don't have a clear strategy. Learn how to beat the market as Professional Trader with an ex-insider! Have a Good Trading Week,...
AA shares Buy Idea @Weekly Demand Zone (43.03 - 40.28) Buy Limit: 43.17 Stop Loss: 39.95 Take Profit: 51.48
If you are one of the investors who are keen on AA you should take a look at this chart. Have a Good Trading Week, Learn how to beat the market as Professional Trader with an ex-insider! Cream Live Trading, Best Regards!
The company is at a level not seen since the 2008 crisis. Wonderful level considering the positive economic changes we have lived ever since. I would stop myself if price drops under $34.80 just to give my trade a change to breathe, but if you are thinking of holding it longer, I would advise you to stop yourself around mid-20's and have a higher TP.
This is a classic example of a horizontal resistance that becomes a support after a breakout. Alcoa successfully completed a pullback tot the former resistance which has become a significant support now. In addition we can draw a upward trendline (support) under two bottoms. This upward trendline can act as support(stoploss) for the uptrend (long...
It is a decent trade with win side of 3 and lose side of 2.
I think this stock is running the correction stage. A breakout can take this stock to the level 39-40. Let us see how it works out.
NYSE:AA Weekly Chart: Safe Trades;
This one is on the boil. Expecting a big lift off.
Alcoa Corp is looking good, it split from Alcoa Inc to focus itself on it's advanced engineering. They are all good noises from this stock. So it is not a bad idea to get involved. I would say this is a long-term Portfolio play.
Alcoa Inc. - American Iron and Steel Company, the world's third largest aluminum producer, after Rio Tinto Alcan and "Rusal"
In this overall DT, AA tried to recover two times which we see, how price was moving above the PB-Fork's CL. Now, price again fell below and pulled back to it. This time it will blow off at least down to the MLH. P!