BrentWatson

Alcoa - Earnings Price Support - Tim West Key Hidden Indicators

NYSE:AA   ALCOA CORP
99 3 2
My first chart using Tim’s Key Hidden Indicators.
- https://www.tradingview.com/u/timwest/

1. Earnings Support Resistance Levels
2. Compression of 8 Days
3. Earnings 13-Jan
4. Curious to see if we get a Gaping Up Trend Bar after Earnings announcement if it will continue with an uptrend.
5. Bears might push this back to Earnings Price Support B.


Earnings Price Supports: Indicator TW_EPS
A. Upper Resistance
B. Lower Support
C. EPS             from of 3 previous quarters. Hasn’t been a previous support level , however if AA gets a significant slap down, it would be interesting if we see if drop half way.

Open to feedback!

Cheers,
Brent
Excellent, thx Tim!
Reply
Nice work. Alcoa kicks off the next earnings season for the S&P500. It looks like it is absorbing a lot of selling pressure as all of the range expansion, volume expansion days are to the down side, but the price is holding the earnings levels and if anything is stuck in the middle. Given how other industrial metal stocks have fared, compare to X (US Steel) and you will see how well AA is acting. Nice chart.
+1 Reply
I meant to add that the key "trend indicator" called "RGMOV" is moving up to a new high - which is telling us that the stock is being accumulated and is alerting us to an upside breakout coming. This is a very bullish setup. I will still wait for earnings to come out, but I am looking for AA to move up on earnings.
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