maschera

AA - 13.90% Potential Profit - Uptrend Corridor Bounce

Long
NYSE:AA   ALCOA CORPORATION
Uptrend Corridor bounce with target price set at resistance bounce.

- 3-month Uptrend
- RSI and STOCH above 50
- MACD above Signal

Suggested Entry $14.86
Suggested Stop Loss $14.53
Target price $16.81

Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Trade closed: target reached: 6.77% profit.

Might re-enter at the new bounce at around $15 level.

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