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dk20dk
Jul 3, 2018 1:09 AM

AA Stepping stone after lengthy accumulation Long

Alcoa CorporationNYSE

Description

NYSE:AA currently in buy zone testing the bottom of new trading range (stepping stone) and demand trend line. Left the previous 9-year accumulation range on light volume, which provides confidence in underlying trend. The only concern is that materials sector and aluminium industry do not show any signs of market leadership. Good for range-bound trade or long-term investment.
Comments
Zohar_Leibovich
I agree with your point of view, I just add a similar chart
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