2waytrading
Short

Alcoa's Stock May Soon See Trend Reversal

NYSE:AA   ALCOA CORP
162 4 0
Hard to detect early if trend specially strong one like AA is about to reverse, but our system signals that is the case for the stock . If you are long this stock , you may start the preparation to book profit before its too late. As u may see this weekly chart, there are some similarities of previous strong trend reversal and this one. If price moves below $16 next week, we will initiate a long term short position of 9-10 weeks. Target price: $14.40 area. Details see the chart.
littleriver
2 years ago
Hi 2waytrading Could you please share more about these "system signals"? Not sure if that is the information you have highlighted on chart? Early detection of move would be great.
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joe_vijay PRO
2 years ago
Except for the candles the weekly trend lines are still intact. The daily charts are indeed showing a pullback.
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It's moved up, are you still flocking to this stock for a short?
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joe_vijay PRO QuantitativeExhaustion
2 years ago
The weekly still show a decent uptrend. The daily shows there is some resistance at 17.20. Maybe go long after a breakout.
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