Alcoa has dropped about 40% from its recent high of 98.00. In the past two weeks, it had dived even further.
Price seems to have created a lower high at 67.00.
It is current at very critical trendline support at 53.00. Do note that 55 is also the previous resistance back in Apr 2018.
Price to most likely consolidates between 53.00 and 67.00 for now. However,...
Amazon just got a stock split. It is now at a level that retail traders can afford.
There is a huge resistance at 130 levels. Yesterday's pin bar candle shows rejection in price. We may see a further decline in price if the resistance level holds.
If the price can breach beyond 132, it may rise further to close the gap at 138. If you decide to short at the...