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Alcoa

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.
NYSE:AALong
by MatG15
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:
NYSE:AALong
by ThinkingAntsOk
Alcoa completed important pullbackThis is a classic example of a horizontal resistance that becomes a support after a breakout. Alcoa successfully completed a pullback tot the former resistance which has become a significant support now. In addition we can draw a upward trendline (support) under two bottoms. This upward trendline can act as support(stoploss) for the uptrend (long positions). Current RSI level is historically high so we might see a cool-off period after which Alcoa will probably continue its uptrend.
NYSE:AALong
by Spijk