ALCOA is at a historic risk/reward ration.
Updated
The company is at a level not seen since the 2008 crisis. Wonderful level considering the positive economic changes we have lived ever since.
I would stop myself if price drops under $34.80 just to give my trade a change to breathe, but if you are thinking of holding it longer, I would advise you to stop yourself around mid-20's and have a higher TP.
I would stop myself if price drops under $34.80 just to give my trade a change to breathe, but if you are thinking of holding it longer, I would advise you to stop yourself around mid-20's and have a higher TP.
Trade closed: target reached
Closed at $53 late December. Was a nice trade. Might enter again later on this quarter.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.