Madrid
Long

The Market is always right.

NYSE:AA   ALCOA CORPORATION
Trade wars are not good, trade wars are not easy to win. The market has shown us that it is always right, both $AA and $X wiped off billions in market cap since these trade wars started. The market is telling us loud and clear, Stop it!. Trying to manipulate the market creates artificial overextended conditions that sooner rather than later snap back. Let the markets do what they have to do, focus on being productive and take a competitive advantage.
At this time the technical indicators show a pretty big positive momentum divergence in the weekly, which signals an important reversal to the upside. As long as “he” lets the market do what it has to do $AA has a good chance to stop the bleeding and look to pick up the increasing momentum and become bullish .
The market has proven wrong the trade wars, how much lower it has to go before this becomes a systemic problem that takes the economy into a recession? I can hope for the best, but just like $X my position is neutral leaned towards the bullish side.
Fine long analysis.
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The market is always right; I just love that classic quote!
Nice article and thanks for sharing =D
+1 Reply
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