2waytrading

Follow up Post( Target achieved)

NYSE:AA   ALCOA CORP
162 0 1
Over 2 months ago, we posted a possible trend reversal and it indeed was, and target for that trade was achieved. Many asked for update if Friday's strong runaway gap up is a continuation of previous upside trend or was it a technical bounce. Hard to tell, but price action and volume was not two things to ignore. Here is what we had to say that post (Hard to detect early if trend specially strong one like AA is about to reverse, but our system signals that is the case for the stock . If you are long this stock , you may start the preparation to book profit before its too late. As u may see this weekly chart, there are some similarities of previous strong trend reversal and this one. If price moves below $16 next week, we will initiate a long term short position of 9-10 weeks. Target price: $14.40 area. Details see the chart.) if you want to a real time trade alerts try us (www.2waytrading.com)
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