Alcoa: Already Reversed?

703 6 14
A good short candidate along with Google             ( )
  • 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

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

daily chart shows it hits 9.41
shit.. long is triggered
let Technician comment
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
Technician james.sneed.1612
Thanks for the kind words. I am glad i am helping
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