Continued post earnings strength in Alcoa on high volume suggest a test of $11 appears likely now we have confirmation of the the $10.30 breakthrough. A successful challenge of this could see major upside. The stock is at 6 months highs so an accumulation strategy into a bought call may work well.
The aluminum company reported earnings today after the bell. The company reported a 0.07 cent gain. Let’s get to the technicals: Alcoa is inside month and outside week but, sideways very tight channel here. I think this stock is a sell, under $10 bucks that isn’t the problem. The problem is the industry has been having trouble finding ground of aluminum. $AA since...
ON 4H CHART AA IS PREPARING A SHORT TREND! THIS IS POSSIBLE THANKS TO A HIGH CORRELATION BETWEEN MY INDICATORS
Traders, Expecting to see some great short activity to the downside soon. Very bearish. ---Interested in joining my professional signals group, or receiving my professional online trading tuition? Message me here on Trading view or email me with the email address on my Trading view profile page--- Regards Tom
5) Look at Setups in Expiries in the Friday Immediately Following the Announcement or the Friday Thereafter. I mechanically set these up in options that expire the week following the announcement, as it gives me a little more time for the setup to work out. 6) Avoid ADR's and/or Underlyings That Aren't Scheduled to Announce on a Particular Date/Time. Next week,...
Traditionally, AA's earnings announcement marks the beginning of the earnings season for me, and it announces earnings on Monday after market close. Naturally, there are tons of plays you can make, but, unfortunately, not all are ideal for premium selling or, for that matter, other options strategies that rely on a firm directional assumption (like Super...
Not an ER player but I like to chart it for subsequent plays with an IV drop for options play. Based on the support levels I try to get out into the monthlies but close much sooner to save on theta decay and delta release. Factors: 1. Restructured recently 2. Bauxite was ok but not phenomenal the first Q 3. Bagged a bunch of new contracts 4. China slow down...
ALCOA Price Projection @ Earning date APR 2016 AA Long Put @ 9 for betting on Earning day ; )
Possible Hold Speculation & Technical Analysis • Double top formation o Could be bearish o Wait for confirmation, around the low 9s to breakdown (Short) o Double top reversal @ low 10s (Long) Chinese Aluminum Market/Economy China Driving the Commodity Rally • Chinese aluminum production will likely increase by 1.4 million tons this year • Negative impacts because...
Go long the AA if it trades at 9.82 or higher. If triggered, place your stop at 9.09 and exit the position for a profit at 10.44 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com
I am a fan of Alcoa. I would like to see this stock rally, but it would not surprise me if price pulls back next week. We'll wait and see.
Alcoa successfully breached its downward trendline (blue) and made it past key resistance at 8.51, in line with my expectations for this stock to perform bullishly based on technicals at the time. The picture has changed somewhat. First, note the slightly decreasing volume during its 2016 breakout signalling that its momentum is decreasing, albeit not...
What was an ugly chart turned to be one of the best chart to find in the market. 6-Days ago we looked into the chart find that price was ready to crash 50DMA and bulls needed to prove they can take above $9.20 and head to 200-DMA which they completed that task today. Not the time to buy now but to wait for a pull back if you are no in already this trade. Still it...
Alcoa has been trending down over the past year, as denoted by the blue trendline following its price peaks over the past 12 months or so. Over the past two days its finally broken through that line, indicating that the trend may possibly be reversing and Alcoa may rise. In the short term if Alcoa does continue to rise, expect resistance at $10. This is an...
The fighting is not over but it looks bulls had managed to reverse recent 40% drop from Dec high and price now seems ready to that that high and print a new upside momentum era