So let’s talk about the five biggest trading mistakes that cause traders to lose money. And one of them is the account killer that I’m saving for last. When you are trading, you need to have a trading strategy. You already know this, this is nothing new. The 3 Key Elements To Every Trading Strategy There are three key elements to every single trading...
$AA Alcoa Corp - Oversold finding support just above $11.50 this week. Expecting to see a near term bounce from this level. Adding to the bullish sentiment - some unusual options activity Friday: 19k $14.00 strike (far OTM) Jan'21 calls traded vs open interest of 1,156 or 16 times OI for a total premium outlay of $1.5M Near term price target = $13.00-$14.00...
As expected we are now heading lower. We hit resistance at the downtrend on the LOG scale. I’m planning to scale in at the normal scale downtrend and horizontal resistance. No buy signal yet. If we break LOG downtrend it is a screaming long but not until then
I rolled out my short calls to January. My current plan is to sell puts if we retest the 10.95 level.
Uptrend Corridor bounce with target price set at resistance bounce. - 3-month Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $14.86 Suggested Stop Loss $14.53 Target price $16.81 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as...
Possible inverse H&S, which looks likely given the volume profile on the breakout. Potential resistance levels as per the chart with $16.20 & $21.00 as the strongest levels. Stock has been in a multiyear downtrend which seems to reversing as commodities rally.
sell around 16.00 T1 13.85 T2 12.50 SL closing up 17.50
The 200ma is within touching distance and a move above would end a 2 year trend. $14.00 is a major level to cross and sets up a move to $15.50 & $16.70 Volume is increasing as sentiment rises. PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
Alcoa has made over 100% since my initial trade idea. Just as a general rule I booked Some profits and sold calls against my position at my intermediate price target of 20. If price holds from today’s earnings beat the long term downtrend will have been broken. I expect a retest of the down trend line and or horizontal support at some point and will scale back in...
Sell around 13.15for T1 12.15 then T2 11.50 Sl closing up 13.75
Bullish Formation in AA as commodities continue to run higher. Major target is the 200ma which has been resistance since June 2018. Indicators bullish as MACD reverses from Zero-line RSI bounces off mid point support. Possible bull flag breakout imminent PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
Watching for a push near the daily 200sma, act as resistance or become support depending on the markets. But just a chart i'm keeping an eye on for that breakout over $14
Has a thinly traded area below it till 8 dollars, but the current resistance being faced is a bullish pattern and the breakout measured move has the potential to test previous swing highs (over it). Similar resistance in assets has previously been broken to the up side already recently.
A lot of volume gathering in the past week, if AA can break out then this will be a breakout to watch
Hi friends the daily chart of this market shows with a very strong probability that it will know a downward trend until the level of with the vigilance that this market changes the direction towards the opposite direction
The best time to sell is during the coronavirus Alcoa!
6.24.20 AA...showing follow up to a hypothetical that I thought would be a bad trade. IT IS IMPORTANT TO KNOW WHAT A TRADE LOOKS LIKE BEFORE YOU ENTER THE TRADE.