This one is on the boil. Expecting a big lift off.
Alcoa Corp is looking good, it split from Alcoa Inc to focus itself on it's advanced engineering. They are all good noises from this stock. So it is not a bad idea to get involved. I would say this is a long-term Portfolio play.
Shares of Alcoa (NYSE:AA) bounced higher last week even as the stock market and commodities dropped. Today they are surging again and likely going higher as the stock has yet to hit any major resistance. The resistance level is at $27.00. This is the point where I am going to pull the trigger on a short trade. The stock will have been up over five days straight...
Alcoa Inc. - American Iron and Steel Company, the world's third largest aluminum producer, after Rio Tinto Alcan and "Rusal"
long the stock before earnings day and sell covered calls .
In this overall DT, AA tried to recover two times which we see, how price was moving above the PB-Fork's CL. Now, price again fell below and pulled back to it. This time it will blow off at least down to the MLH. P!
LSE AA weekly analysis. Looking for 50% and on to 61.8% re-tracement into weekly breakers, before continuation of bearish sentiment.
Signals: 1-multibottom 2-double bottom 3-flag formation Buy 10.50-10.60 (flag's top line breakout) Stop-loss -1 tic under flag's low (probably hasn't formed) First target 12.00 Second target 14.00 (sizing approach)
AA has formed a potential time at mode downtrend setup below a Key Earnings Support level, and a significant mode to the left. I expect a move to the downside to emerge from here. To trade it, you can enter on a break of the last low, with stops above 9.52, and targetting the next support level, or the time at mode target. If interested in my trading signals, or...
My plan is to wait for a pullback off of 10.21 resistance in to 9.79 pivot, CCI needs to be above 100 when we pull back. A quick wave count could be a third wave right now and then we´ll probably break above the resistance with a wave 4 as retest...
X, USSTEEL looks primed for another run higher. Short term RSI and longer term %R have bottomed at over sold and are turning higher. MACD seems to be headed higher. X appears to have formed a rounded bottom which is acting as support along with the 200sma. Stochastics is giving a buy signal. Low risk entry with stop at $12.76. Good luck.
Despite the 200 MA being above - it looks as if buying pressure could take price higher, I have my first target at 12.59 USD.
Alcoa successfully breached its downward trendline (blue) and made it past key resistance at 8.51, in line with my expectations for this stock to perform bullishly based on technicals at the time. The picture has changed somewhat. First, note the slightly decreasing volume during its 2016 breakout signalling that its momentum is decreasing, albeit not...
Alcoa has been trending down over the past year, as denoted by the blue trendline following its price peaks over the past 12 months or so. Over the past two days its finally broken through that line, indicating that the trend may possibly be reversing and Alcoa may rise. In the short term if Alcoa does continue to rise, expect resistance at $10. This is an...
Basic TA Inverted Hammer in a downtrend approaching 200sma Falling Wedge supports mapped out remember the market is fluid :)