This could be a diamond reversal pattern forming on AA. If this breaks to the upside, a move from the bottom to the top of the diamond would be expected. Not financial advice.
Alcoa Corporation - 30d expiry - We look to Sell at 38.98 (stop at 40.98)
Daily signals are mildly bearish.
Previous support at 39 now becomes resistance.
This stock has seen poor sales growth.
There is no clear indication that the downward move is coming to an end.
Preferred trade is to sell into rallies.
Our profit targets will be 33.98 and 32.98...
Alcoa rallied early last year after the Ukraine war threatened aluminum supplies. It’s struggled since and now some traders may expect further pushes to the downside.
The first pattern on today’s chart is the series of lower highs since August (marked with red arrows). Those may reflect a lack of long-term interest in the name.
Speaking of long-term moves, the...
Analyzing the options chain of AA Alcoa Corporation prior to the earnings report this week, I would consider purchasing
Calls with a 45usd strike price and an expiration date of 2023-5-19, for a premium of approximately $1.11.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your...
From a technical point of view, Alcoa still has an interesting technical structure in play in the medium term. As we can see on weekly chart, the pullback triggered from the last Top reached an important support area around $33 and from here, the market has developed a nice reaction, at the same time however, we need to destroy the important resistance area around...
Alcoa Corporation - 30d expiry - We look to Buy a break of 58.33 (stop at 53.81)
There is no clear indication that the upward move is coming to an end.
Daily signals are bullish.
The previous swing high is located at 58.24.
A break of the recent high at 57.61 should result in a further move higher.
The primary trend remains bullish.
Our profit targets will...
I like like the thought that after the end of the corona pandemic some stocks of the „old economy „ may catch up. One of those fallen stars may be Alcoa. I expect double 1-2 move unfold to the upside. The second wave two has ended or is about to end soon.
In the expectation of an ending wave two I built a small long position after the sharp rebound from...
Alcoa Corporation - 30d expiry - We look to Buy a break of 58.33 (stop at 53.81)
There is no clear indication that the upward move is coming to an end.
Daily signals are bullish.
The previous swing high is located at 58.24.
A break of the recent high at 57.61 should result in a further move higher.
The primary trend remains bullish.
Our profit targets will...
Neutral until broken.
Earnings 1-18 AMC
No recommendation.
EPS (FWD)
4.85
PE (FWD)
9.56
Div Rate (TTM)
$0.40
Yield (TTM)
0.86%
Short Interest
3.71%
Market Cap
$8.20B
Order SELL AA NYSE Stop 36.21 LMT 36.21 will be automatically canceled at 20230401 01:00:00 EST
AA weekly bearish head and shoulders wave 3 of C correction wave
Hello dear Traders,
Here is my idea for #AA
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support...
Alcoa Corporation
Intraday - We look to Sell at 37.00 (stop at 41.12)
This stock has recently been in the news headlines. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. Further downside is expected although we prefer to sell into rallies close to the 37.00 level.
Our profit targets will be...
