alcoa having tuff ride. saw a nice reversal back on chart. maybe history repeats? will see..
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:
Historically been a nice stock to trade around earnings but does have a habit of selling off after a initial pop, but this time commentary may be better.
4H Chart Explanation: - Price broke the Daily Ascending Trendline. - Price broke the Micro Ascending Trendline. - Now, it has potential to move down towards the Support Zone before starting a new up move. Weekly Vision: Daily Vision: Updates coming soon!
Short term target at the bottom of the channel for $17, and long term target of $40
good investment ahead patient
Good morning Traders! This strategy is very simple and clear, it tells us "what to watch, entry, target and stop loss" . Our idea of technical rebound must be confirmed with a first bullish leg (rally), so if this event does not happen, we will not go looking for a long position. If instead there will be a rally, we will wait for pullback (often around 50%/62%)...
Weekly Chart Explanation: - Price was on a Descending Channel since April 18'. - Price bounced on the Support Zone and broke it. - Bullish Divergence on MACD. - Price is on a Corrective Structure before starting its up move. - If price breaks it, there is potential to move up towards the Resistances Zones. Updates coming soon!
12/Dec/2019 10:24 AM AUTHOR: Brandon Gum -- 12/Dec/2019 10:24 AM AUTHOR: Brandon Gum -- Stock is in a clear downtrend. Better Opps out there. The market breaking out today made this move about this level possible. Id rather own a name that doesnt have aluminum price exposure (Headlines say has been negative environment) Working on my targets. which led to...
AA is making a short-term ascending triangle since 8 days, that should break in 2 or 3 days, combined with a crossing of the weighted moving averages of 5 and 25 days. The corresponding MACD also indicates a buy signal. Those 3 indications are a good buy for a 2 or 3 weeks planned bullish move. The move should stop at or a little bit above 23$, which is the...
I am patiently waiting for AA to sell off to that $18 price range. I like it bouncing off support and then going to 2x the price. There is also some great fundamental news on Aluminum which will work out in AA favor to increase margins.
Price is currently around the 2009 and 2016 lows (very important lows, especially considering the significance of those 2 dates). It is now in the process of forming an ascending triangle (currently on what could be the 5th and last touch of the pattern boundary. I will enter this trade if the breakout occurs. I am not interested in prepositioning myself because...
Supply zone reached, time to sell. Looking to sell this over the next month or two.