4H Chart Explanation: - Price broke the Ascending Trendline and started a huge down move. - Price broke the Support Zone (Resistance Zone now). - We are expecting a correction that allow us set a trade towards the next Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
Can't really make a trade here, but thinking about the relative value of other businesses, Alcoa getting below $2B valuation with $128M in FCF is a weird place to be. Other industrials could quickly nab them to maintain supply chains and consolidate the group.
4H Chart Explanation: - Price broke the Descending Trendline on a Weekly Basis. - Price bounced on the Support Zone . - If price breaks the next Resistance Zone, it has potential to move up. Weekly Vision: Daily Vision:
Looking good long term
4H Chart Explanation: - Price broke the Descending Trendline on a Weekly Basis. - Price is near an important Support Zone. - Bullish CCI. - If price bounces from here, potential to move up towards the Resistance Zones. Weekly Vision: Daily Vision: Updates coming soon!
4H Chart Explanation: - Price broke the Descending Trendline on a Weekly Basis. - Price is on a lateralization after that. - Price is on an important Support Zone. - Bullish CCI. - If price bounces from here, potential to move up towards the Resistance Zones. Weekly Vision: Daily Vision:
good investment ahead patient
Weekly Chart Explanation: - Price was on a Descending Channel since April 18'. - Price bounced on the Support Zone and broke it. - Bullish Divergence on MACD. - Price is on a Corrective Structure before starting its up move. - If price breaks it, there is potential to move up towards the Resistances Zones. Updates coming soon!
AA is making a short-term ascending triangle since 8 days, that should break in 2 or 3 days, combined with a crossing of the weighted moving averages of 5 and 25 days. The corresponding MACD also indicates a buy signal. Those 3 indications are a good buy for a 2 or 3 weeks planned bullish move. The move should stop at or a little bit above 23$, which is the...
Hello my dear friends, Alcoa Corporation is heading toward the support level @13.83. You can short and protect your position with the drawn trendline. if you like our analysis, Join our Telegram channel, the link in our profile. Good luck and happy trading!
Use this as an idea to develop your own setup: Main items we can see on the Daily Chart: a)Price is against a major Support zone b)We can see how the Bearish Movement have been decelerating c)This on context is a good signal for thinking on Reversal movements coming soon d)On the weekly chart, we can see a huge bullish Divergence e)Our idea is to wait for a...
o Short term Ichimoku is a buy signal o the fundamentals of the company is solid o Potential of 18% gain o Divergence and monthly rejection candles
AA is approaching its support at 25.43 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 33.89 (23.6% Fiboncci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching support where a corresponding bounce could occur.
LOOOOONG term, AA is going down to the 18$, so one strategy could be sale puts LEAP? Not sure, but i'm seeing H&S pattern with left shoulder and head already drawn! This is monthly chart so expect long future, not crazy to see first going up on the right hand shoulder... then going down... Planning ahead is crucial! Not a recommendation. If you like what i...
With broad market volatility ramping up over the past week here (see VIX, VXN, RVX), premium sellers can afford to be picky here, since the board is alight from here to Sunday with implied volatility ranks in the 70's for ... well ... a ton of stuff. For earnings, my eye is on AA and NFLX with nearly ideal rank/implied metrics for volatility contraction...
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