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Alcoa Corporation
Short

AA Anonymous - Time to Quit

By SuperciliousOne
Alcoa has become extended and been a great trade that I took part in from 2013, but I don't thin there is much upside left. Given the Fibonacci extensions and inability to break the 50dma after-hours given 3Q earnings I think we are simply seeing a re-test of a broken trend line and setting up for a move lower. I would not be surprised to see a "sell the news" scenario play out in the coming days.
SuperciliousOne

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