Technician
Short

Alcoa: Already Reversed?

NYSE:AA   ALCOA CORP
703 6 14
A good short candidate along with Google             (
#Google: Looks Ready for a Short!
)

  • The rally hit a long term resistance at 17.75 before stalling
  • After hitting that resistance, a head and shoulders formation completed on the weekly chart
  • The price broken out below the neckline of the head and shoulders confirming the pattern
  • The price broken below the 52-week Simple moving average
  • A Minor upside pullback towards the shaded area could provide a better shorting level in terms of risk-reward
  • Main target is at 10.00 major level
  • Stability back above 16.00 may be the invalidation of this setup

Good luck...
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Technician

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is time to short more or this long now ? do you g
have some targets upward?
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Nice analysis.
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Excellent analysis Technician, i give another 50 cents of allowance
snapshot
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jangseohee jangseohee
snapshot

daily chart shows it hits 9.41
shit.. long is triggered
let Technician comment
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Good day Technician,
just wanted to say thank you for publishing such beautiful and legible charts, I am a beginning trader and your technical analysis is very beneficial to me in my learning process just wanted to say that man I appreciate it
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Technician TOP james.sneed.1612
Thanks for the kind words. I am glad i am helping
Reply
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