byron.wall.54

AA Earnings Prediction

Long
NYSE:AA   Alcoa Corporation
It looks like there were a whole bunch of Buy limit orders waiting at the bottom of the Gap on the left because price quickly rejected that level. This was a classic liquidity grab by the big institutions because the double bottom created the necessary liquidity for the big boys to participate on the long side. Only big money can stop the fall and reverse it, not a bunch little retail traders like you or me. Based on my analysis, the odds are that prices will make a new high on earnings.
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