doing a alcoa long - target around 56!!!! let's go!!! !!be aware trading on this moment is really risky!!
The company is at a level not seen since the 2008 crisis. Wonderful level considering the positive economic changes we have lived ever since. I would stop myself if price drops under $34.80 just to give my trade a change to breathe, but if you are thinking of holding it longer, I would advise you to stop yourself around mid-20's and have a higher TP.
So check this, my goal is to buy low.... and.... SELL HIGH!
This is a classic example of a horizontal resistance that becomes a support after a breakout. Alcoa successfully completed a pullback tot the former resistance which has become a significant support now. In addition we can draw a upward trendline (support) under two bottoms. This upward trendline can act as support(stoploss) for the uptrend (long...
AA is trending up stock broke above 40$ which acted as resistance last week price retested the area successfully, creating a hammer candlestick in the process nice risk reward here to retest the highs and close to support
AA According to technical analysis stock picking, week macd Jin Cha, and heavy volume, so buy on the approach
Recent breakout of cup formation with retesting breakout line. Could still short term go back to up channel line but longer term think likely will up wave to about 70 which would be .62 correction If you like fundamentals see: seekingalpha.com Interesting to me is the 2 negative reversals in the RSI (dashed black lines) both of which led to a negative trend...
It is a decent trade with win side of 3 and lose side of 2.
After 8 years, AA broke through 40.00 resistance and is testing it as support. With the stochastic divergence signal, we should be able to hold and move higher. Buy: 42.60 Target: 44.08 - 46.46 (3.46% - 9.06%) jbzstocks.com @jbzstocks
After 8 years, AA broke through 40.00 resistance and is testing it as support. With the stochastic divergence signal, we should be able to hold and move higher. Buy: 42.60 Target: 44.08 - 46.46 (3.46% - 9.06%) jbzstocks.com @jbzstocks
After breaking the major resistance area around 40$, Alcoa viciously came back down for a test. I would buy against this major support, given the bullish hammers and the oversold Force Index. Soft stop below resistance, around 36$. Target at 60$.
You do not need to draw many lines this here. Key points here 1. Resistance becomes Support 2. Breakout of the resistance line at 40.00 (Round number) 3. Pullback and a bull hammer candle In today idea I do not want to write a complete book about this chart, because the chart speaks for itself. But there are a point here: The PE Ratio is: 49.37 looks high...
if you joined me on my last SNAP trade join me here broke trend and has been diverging not to mention market is reaching a top updates to come