the Ascending tiangle is a bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs.
Traders...
HAD A GOOD RUN HERE STILL LOOKING FOR MY ORIGINAL TARGET OF $32 POSSIBLE CONTINUATION WITH ALCOA'S SPINOFF ARCONIC'S 1ST 1BN$ SUPPLY DEAL WITH AIRBUS GROUP SE LAST WEEK
Alcoa Corp is looking good, it split from Alcoa Inc to focus itself on it's advanced engineering. They are all good noises from this stock. So it is not a bad idea to get involved. I would say this is a long-term Portfolio play.
Shares of Alcoa (NYSE:AA) bounced higher last week even as the stock market and commodities dropped. Today they are surging again and likely going higher as the stock has yet to hit any major resistance. The resistance level is at $27.00. This is the point where I am going to pull the trigger on a short trade. The stock will have been up over five days straight...
Chart is simple, after an earnings shortfall AA has done a serious gap down, and broken out of the triangle consolidation. Is the next stop for Alcoa at 23.90? Probably so!
Cheers =)
In this overall DT, AA tried to recover two times which we see, how price was moving above the PB-Fork's CL.
Now, price again fell below and pulled back to it.
This time it will blow off at least down to the MLH.
P!
Alcoa-is primarily a producer of aluminum products. Co.'s operations consist of five reportable segments: Alumina, which consists of its refinery system; Primary Metals, which consists of its smelter system; Global Rolled Products, which represents Co.'s midstream operations and produces aluminum sheet and plate for a variety of end markets; and Engineered...
