Still negative for Long. Bold Downtrend line is still dominant.
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...
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.
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.
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...
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%.
A large volume of transactions in the area of 20-23, most likely the price for the passage of $ 28, will find support in this area Sell short 28$ Stop 29.3$ (4.24%) Profit 1 23.7$ (15%) Profit 2 22.12$ (22%)
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...