ALCOA CORPORATION NYSE:​AA

In last quarters earnings report we got a nice pop but that quickly reversed which is not a good sign. While other companies in this sector have risen AA has had terrible price action and we can see nothing other than a drop in price post earnings. Indicators are all quite negative which confirms our sell bias.

Still negative for Long. Bold Downtrend line is still dominant.

A possible long term path in its early stages.

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

Taking a starter position in this, March 15 33C at 0.25 on 2/26.

Alcoa published positive financial reports on 17.1.19 above expectations with a 5% increase in revenues. 30.5 area is a resistance – weekly and daily charts. If it crosses this level I'll consider an entry for a long play. The first target will be 34. increasing volume, OBV supports the proposed direction, RSI is still not in oversold area. this is not a...

go at least at 38

TARGET OPEN STOP UNDER THE LOW

AA approaching support at 27.70 (61.8% Fibonacci extension, 50% Fiboancci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 29.17. Stochastic (55, 5, 3) is also approaching support where a corresponding bounce could occur.

Short after 27.20 has been lost and retested

AA is approaching its support at 27.13 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance. Stochastic is also approaching its support where a corresponding bounce could occur.

Inverse Head and shoulders formation.

Alcoa stock will drop by -1.4% during opening of the american session and on the financial performance of the company. RSI is in neutral about 51.1 , Dropping on the -1.4% to $28.55 will be the bullish point. $30.23 will the resistance line. Fundamental : Alcoa stocks dropped by 0.6 percent after hours Wednesday and is expected to drop by 1.48% during...

do it

just a quicky

With TOAN RSI, now we can trade ALCOA with ease, either as LONG or SHORT

AA is approaching its support at 25.63 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 33.33 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 3.5%.

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.