BATS:AA   ALCOA CORP
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Alcoa             closed below 8 dollars in June for the first time since 2009, Price now appears to be recovering nicely here off it's recent lows, as price bounced off neckline support yesterday despite being a tough day in the market. Next resistance is at 8.25 and then the yellow downtrend line. Looking for a long target near 8.60.
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Finally a break with a decent candle. Volume weak but building overall.
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Here is another look using the line chart.
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Looks like I miss identified the real pivot zone. Here is a second look. I like where the price is now. Many times in the recent past price has turned north at this level. I also like the rounding bottom forming. Too noticed nice divergence between price and indicators . All that is needed now is some bullish candles.
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