Recent breakout of cup formation with retesting breakout line. Could still short term go back to up channel line but longer term think likely will up wave to about 70 which would be .62 correction
If you like fundamentals see: seekingalpha.com/article/4120050-alcoa-time-different
Interesting to me is the 2 negative reversals in the RSI (dashed black lines) both of which led to a negative trend change. The first was aborted by a bullish divergence. Currently have a potential bearish divergence.
If you like fundamentals see: seekingalpha.com/article/4120050-alcoa-time-different
Interesting to me is the 2 negative reversals in the RSI (dashed black lines) both of which led to a negative trend change. The first was aborted by a bullish divergence. Currently have a potential bearish divergence.
Note
If you are interested I drew in the divergences. Take care 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.