AA
"Alcoa: on a Micro Ascending Channel" by ThinkingAntsOk4H Chart Explanation:
- Price is on a Down Trend on a Weekly Basis.
- Price is on the top of the Micro Ascending Channel.
- Now, price can break it up or down. If it breaks it up, it has potential to move towards the Descending Trendline. If it breaks it down, it will move down towards the Support Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
"Alcoa: short term bull path coming" by ThinkingAntsOkDaily Chart Explanation:
- On a Weekly Basis, it is on a down trend.
- However, price bounced on the Support Zone.
- Now, it has potential to move up towards the Resistance Zone.
Updates coming soon!
"Alcoa: one more down move coming" by ThinkingAntsOkDaily Chart Explanation:
- Price is on a Descending Trend.
- It si close to an important Support Zone.
- We expect price to get to there before looking for buy setups.
Weekly Vision:
4H Chart Vision:
Alcoa maybe interesting for 10 year long term playAlcoa this morning was trading at a price to book of .2. It has broken the immediate downtrend resistance. This morning it was at support from 1975 and held. It is the most oversold it has ever been in its history. Might be interesting to begin scaling a position as the market goes dow
"Alcoa: last two Supports standing" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Trendline and started the down move.
- Now, its on the Support Zone.
- If it breaks it, it will go down to the All Time Lows.
Weekly Vision:
Daily Vision:
Updates coming soon!
"Alcoa: towards the $6 Zone" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Trendline and started a huge down move.
- Price broke the Support Zone (Resistance Zone now).
- We are expecting a correction that allow us set a trade towards the next Support Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
Alcoa below $2BCan't really make a trade here, but thinking about the relative value of other businesses, Alcoa getting below $2B valuation with $128M in FCF is a weird place to be. Other industrials could quickly nab them to maintain supply chains and consolidate the group.
"Alcoa: bouncing from here" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Descending Trendline on a Weekly Basis.
- Price bounced on the Support Zone .
- If price breaks the next Resistance Zone, it has potential to move up.
Weekly Vision:
Daily Vision:
"Alcoa: bouncing from here?" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Descending Trendline on a Weekly Basis.
- Price is near an important Support Zone.
- Bullish CCI.
- If price bounces from here, potential to move up towards the Resistance Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
"Alcoa: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Descending Trendline on a Weekly Basis.
- Price is on a lateralization after that.
- Price is on an important Support Zone.
- Bullish CCI.
- If price bounces from here, potential to move up towards the Resistance Zones.
Weekly Vision:
Daily Vision:
"Alcoa on a Weekly Timeframe" by ThinkingAntsOkWeekly Chart Explanation:
- Price was on a Descending Channel since April 18'.
- Price bounced on the Support Zone and broke it.
- Bullish Divergence on MACD.
- Price is on a Corrective Structure before starting its up move.
- If price breaks it, there is potential to move up towards the Resistances Zones.
Updates coming soon!
AA ascending triangle + moving average crossingAA is making a short-term ascending triangle since 8 days, that should break in 2 or 3 days, combined with a crossing of the weighted moving averages of 5 and 25 days. The corresponding MACD also indicates a buy signal. Those 3 indications are a good buy for a 2 or 3 weeks planned bullish move. The move should stop at or a little bit above 23$, which is the resistance since many months. However, be careful about keeping your position or selling it before the earnings report of January 15th.
ALCOA - Sell and protect!Hello my dear friends,
Alcoa Corporation is heading toward the support level @13.83. You can short and protect your position with the drawn trendline.
if you like our analysis, Join our Telegram channel, the link in our profile.
Good luck and happy trading!
Full Analysis + Trade Idea on ALCOA by ThinkingAntsOkUse this as an idea to develop your own setup:
Main items we can see on the Daily Chart:
a)Price is against a major Support zone
b)We can see how the Bearish Movement have been decelerating
c)This on context is a good signal for thinking on Reversal movements coming soon
d)On the weekly chart, we can see a huge bullish Divergence
e)Our idea is to wait for a fake-out on the mentioned area + consolidation structure
f)If those items are accomplished we will set our orders on the explained areas on the chart.
Weekly Vision:
Monthly rejection candleso Short term Ichimoku is
a buy signal
o the fundamentals of the company is solid
o Potential of 18% gain
o Divergence and monthly rejection candles
AA Approaching Support, Potential Bounce!AA is approaching its support at 25.43 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 33.89 (23.6% Fiboncci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching support where a corresponding bounce could occur.
AA expecting H&S monthlyLOOOOONG term, AA is going down to the 18$, so one strategy could be sale puts LEAP?
Not sure, but i'm seeing H&S pattern with left shoulder and head already drawn! This is monthly chart so expect long future, not crazy to see first going up on the right hand shoulder... then going down...
Planning ahead is crucial!
Not a recommendation.
If you like what i post, please let me know i can help with your chart too.
THE WEEK AHEAD: AA, NFLX EARNINGS; USO, GDX, XLB, EEM, IWMWith broad market volatility ramping up over the past week here (see VIX, VXN, RVX), premium sellers can afford to be picky here, since the board is alight from here to Sunday with implied volatility ranks in the 70's for ... well ... a ton of stuff.
For earnings, my eye is on AA and NFLX with nearly ideal rank/implied metrics for volatility contraction plays.
NFLX (rank 64/implied 61), a perennial earnings-related volatility contraction fave, announces earnings on Tuesday after market close. Due to its size and its having a tendency to move bigly around earnings, I would go defined: the November 16th 285/290/385/390 is paying 1.87 with a buying power effect of 3.13; a ten-wide with the same short strikes, 3.53, with a buying power effect of 6.47.
AA, announcing on Wednesday after market close: 93/52. In my mind, small enough to go full on naked: the November 16th, 71% probability of profit 31/40 short strangle is paying 1.72 with a 50% max take profit of .86; the at-the-money skinny, quasi short-straddle -- the 35/36, 3.78, with a 25% take profit of .95.
Alternatively, it's been somewhat hammered here and is within 5% of 52-week lows which may make it suitable for a bullish assumption play: the 32/39/40 Jade Lizard is paying 1.00 on the nose with no upside risk and a low side break even of 31, a 13% discount over where the underlying is currently trading.
On the non-earnings front: the top five funds in terms of implied volatility rank are USO (81/30), GDX (71/32), XLB (68/27),* EEM (66/27),** and IWM (63/26); the top five ranked by 30-day implied: EWZ (58/44), UNG (36/41),*** XOP (52/36), OIH (56/36), and GDXJ (60/34).
* -- Possible bullish assumption directional; new 52-week low.
** -- Possible bullish assumption directional candidate: new 52-week low.
*** -- Possible bearish assumption directional candidate: new 52-week high.
