Alcoa successfully breached its downward trendline (blue) and made it past key resistance at 8.51, in line with my expectations for this stock to perform bullishly based on technicals at the time. The picture has changed somewhat. First, note the slightly decreasing volume during its 2016 breakout signalling that its momentum is decreasing, albeit not...
Alcoa has been trending down over the past year, as denoted by the blue trendline following its price peaks over the past 12 months or so. Over the past two days its finally broken through that line, indicating that the trend may possibly be reversing and Alcoa may rise. In the short term if Alcoa does continue to rise, expect resistance at $10. This is an...
Hello All! This is my first post. Please don't be too cruel to me. I am new to technical analysis, candlesticks and charting. I want to learn and hopefully successfully apply all the good ideas to manage / grow my savings. I personally do not think Alcoa is going out of business any time soon. The stock price is at its low, if not the lowest level. I believe...
Long AA on pivot breakout. Stop loss 9.69
Alcoa has had the unfortunate circumstance of being thrown in the same group as many companies who are suffering because of the drastic fall in commodity prices. Currently there are two patterns targeting around 8.50-8.80. One is a bullish shark that has a potential PRZ between 8.78 and 8.57. The other is an AB=CD pattern targeting a PRZ at the 1.272 extension at...
I am still watching this thing go down, but today, I decided to start adding some share of AA to my portfolio. Starting small because I do feel this thing will reach $10 or lower. I will play the same levels as I did before, buying from $10 to $8, but even if need be, to $6 or $5. I will be happy owning shares at this price. Average waiting time was 2 to 3 years...
There is some structure and fibonacci levels stating that alcoa is ready for little bounce. First target 38,2% fib level. Alternative target is 50% level. Risk revard is 1.8. Keep your eyes on Greece news for possible panic reactions in markets. edit: Earnings on wednesday NO TRADE HERE!
There was an absolutely massive stampede to the exit out of the S&P 500 today ahead of earnings season kickoff tomorrow. For several months, the fundamental economic reports have been showing a slowing U.S. economy. FactSet is forecasting a -4.8% earnings drop year over year which would be the fastest rate of decline since 2009. The Federal Reserve is taken the...
Traders will be glued to Alcoa's earnings release on Wednesday, April 8, 2015. The reason? Alcoa will be a good leading indicator for the negative effects of the rising U.S. dollar on international corporations. The market may already be pricing in an earnings miss by Alcoa. In March 2015, Alcoa did a Burial Cross on the chart with the 50 day MA breaking below...
ALCOA shares stock accumulation at current levels. Notes on chart
Been investing in AA from $10 to $8 then sold it at $12 and $17 just on speculation, good luck eh? I still like AA for its world economic value and would love it to go back in to that range, so I can pick up some shares. Anyone have any ideas how this market or stock might behave in the next 12mo.?
Preceeding uptrend was very clean and strong, than topping volatility came in and formed what seems to be a diamond top ready for reversal. Entry on the break of the diamond or a breakdown below 15. Possible support zones around 15 and then 13 and 12. The diamond price target would bring it right into the longterm .618 retracement. RSI seems to be breaking lower...
According to my novice chart reading, I'm predicting an approximate 15% increase for Alcoa over the next 3 months. There is a symmetrical triangle forming with a corresponding increase in buying volume. I think the price will trade within this triangle, then get out when it hits the tip in a couple of months. I plan to begin slow with my position to test my...
Shares of Alcoa has resistance located at$ 17on the weekly chart and form the pattern of to continue the upward movement. Note that the pattern is not fully shaped yet. It is expected that the price will return to the level of 16$, and it will give us a good opportunity to long in order to break the level of 17$
Metals & Mining have been underperforming the S&P since August as commodity markets sold off. Alcoa has now entered a downtrend after reaching a double top at 2011 highs near 17 a share. The Bearish divergence between price and MACD also suggests more downside in the new confirmed downtrend. Initial target: 38.2% Fibo retracement at $14 a share
U.S. futures decline, Alcoa to kick off earnings; Dow Jones down 0.12% ABC retracement elliott wave count pattern forecast + Gann+ Fibo Bearish divergence $12.5 target nov 2014
Was looking on old charts of people from here and found this great idea from littleriver. His observation was superb, pity i was not trading at that time, but it was so obvious, the forming of the bullish falling wedge was aking to be a success and right after that it goes straight up in a, yet again, well defined channel. Alcoa shows many occurrences of well...