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Nov 29, 2014 7:23 PM

Alcoa Inc (H1) Short

Alcoa CorporationNYSE

Description

Alcoa Inc (H1)

Price hit long term uptrend_line from beneath, resistance and formed a triangle like formation, and broke down from it, and under Wedge, and long term horizontal line. (could be a pennant continuation-bullish, in case of recovery)
Wolfe Waves 5 potential.
OBV at horizontal resistance.
RSI geometry, brake_down from triangle like formation, on longer term support, at 44, potential bounce and brake_down.

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