CVGIII

Alcoa's Shining Knight?: Bullish Shark Edition?

NYSE:AA   ALCOA CORP
Alcoa             has had the unfortunate circumstance of being thrown in the same group as many companies who are suffering because of the drastic fall in commodity prices. Currently there are two patterns targeting around 8.50-8.80. One is a bullish shark that has a potential PRZ between 8.78 and 8.57. The other is an AB=CD pattern targeting a PRZ at the 1.272 extension at 8.62. The overall PRZ zone(the gray box area) may be a good place to buy in or cover any short positions. Good Luck.
One additional note: If the PRZ proves to be true, a good first target would be around 13.00
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