Hello Everyone,
This is the second one that i added to my watch list for next week.
What are they doing?
Alcoa Corporation mines bauxite and processes it into alumina, as well as smelting, casting, and rolling aluminium for sale as aluminium sheets. Founded in 1888, the company has its headquarters in Pittsburgh, Pennsylvania, and operates internationally.
Financial Details:
Market Cap : 8.61 B
Revenue : 13.02 B
P/E Ratio : 8.53
EPS : 3.8986
Dividend Yield : % 1.20
They even pay dividend therefore only this reason enough for me to add it to my portfolio.
Technical Part:
It break up the down trend to Up on Friday and i am expecting to continue this trend to up.
between 35.50 - 35.80 is a strong Resistance area , if it could achive to break this level then it is possible to reach 42.00.
There is another possibility which is Re-test to break level which is between 31.50 - 31.70 then continue to go up. My first target is 37.50 - 37-70 and final target is 42.00.
Other support and resistance levels you can see in Chart as Fib levels.
Another good one to watch for next week.
Hope you like my analysis , if so . i would be happy to share and like which encourage me to share more analysis :)
This is just my thinking and it is not invesment suggestion , please do not make any decision with my analysis.
Have a good evening and happy Sunday to all
This is the second one that i added to my watch list for next week.
What are they doing?
Alcoa Corporation mines bauxite and processes it into alumina, as well as smelting, casting, and rolling aluminium for sale as aluminium sheets. Founded in 1888, the company has its headquarters in Pittsburgh, Pennsylvania, and operates internationally.
Financial Details:
Market Cap : 8.61 B
Revenue : 13.02 B
P/E Ratio : 8.53
EPS : 3.8986
Dividend Yield : % 1.20
They even pay dividend therefore only this reason enough for me to add it to my portfolio.
Technical Part:
It break up the down trend to Up on Friday and i am expecting to continue this trend to up.
between 35.50 - 35.80 is a strong Resistance area , if it could achive to break this level then it is possible to reach 42.00.
There is another possibility which is Re-test to break level which is between 31.50 - 31.70 then continue to go up. My first target is 37.50 - 37-70 and final target is 42.00.
Other support and resistance levels you can see in Chart as Fib levels.
Another good one to watch for next week.
Hope you like my analysis , if so . i would be happy to share and like which encourage me to share more analysis :)
This is just my thinking and it is not invesment suggestion , please do not make any decision with my analysis.
Have a good evening and happy Sunday to all
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.