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!
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.
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...
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