Strong support below, limited downside. Huge upside potential. Bullish reversal on very high volume, pre earnings. Analysts upgrade on Oct 10th J.P. Morgan analyst Michael Gambardella maintained a Buy rating on Alcoa Corp (AA) today and set a price target of $26.00. Company profile Alcoa Corp. engages in the production of bauxite, alumina and aluminum products....
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...
Ma cross (60 and 180) at the 1h and 2 h Above 20 ma Three white soldiers at the 1 h Bullish for me when price will be above the resistance at 22.48
What does that say, if it is real? And I am just watching this for now. Its usually a leader.
@realDonaldTrump $X $AA Since the trade wars started the markets that were supposed to be benefited by this policies happened to have the complete opposite effect. $AA had a loss of $7.6 B in market cap going from the 60's to the 20's level, 65% loss from the top to date. $X took a hit of $5.5 B in market cap, going from the 45's to the 15's levels and a 75%...
Trade wars are not good, trade wars are not easy to win. The market has shown us that it is always right, both $AA and $X wiped off billions in market cap since these trade wars started. The market is telling us loud and clear, Stop it!. Trying to manipulate the market creates artificial overextended conditions that sooner rather than later snap back. Let the...
It may have some bullish technicals but the fundamentals remain very risky, although the earnings beat estimates by a penny, revenue was $60 million short of estimates. The commentary from management on the earnings call was far from Bullish also, as they blamed trade tensions and macroeconomic headwinds for declines in demand, in turn cutting their demand...
AA buy buy at 21 - 20 goal 1: 22 goal 2: 24 goal 3: 25 goal 4: 26
AA broke past a major support where we expect to see it fall further to its next support.
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.
A possible long term path in its early stages.