NYSE:AA ALCOA CORP
Shares of Alcoa (NYSE:AA) bounced higher last week even as the and dropped. Today they are surging again and likely going higher as the has yet to hit any major resistance. The is at $27.00. This is the point where I am going to pull the trigger on a short trade. The will have been up over five days straight and tag a major gap fill when it hits that price. it likely will happen this week. In , gap fills are major resistance points when a rises into it. This would be the case with Alcoa . As I believe a post election rally is at hand, I will wait patiently for it to hit later this week. Stay tuned. It is a great trade setup.