ALERT AAVE BOTTOM IS IN BUY NOW????!!!aave
broke below the previous zone of support from earlier in the year
is now showing slight bullish bullish MACD on this recent lower low in price action
previous daily candle also rejected the previous zone to the downside
if price action can get back above this zone and the negative momentum begins to fall I will being to look to ride price action the upside level of $500
-BTC also needs to play fair in order for this to work
AA
🟢 $AA Target 39.86 for 20.57% 🟢 $AA Target 39.86 for 20.57%
Or double position at 26.26
This one's trying...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
NEW POSITION $AA Target 39.86 for 20.57% $AA Target 39.86 for 20.57%
Or double position at 26.26
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
ALCOA has reached our Weekly Target. What's next?Today we will speak about ALCOA: In March, we posted the expected movement of the current trend (Link to related ideas). After 2 months, the price has already reached a major Resistance zone that has been working since 2010
Now we are asking the question. What's next?
To answer this, we will use the previous price information we have to develop possible paths for the price to take.
SCENARIO 1 (Bearish): The price is not able to make a clean break out of the resistance zone, and we have a Correction or the beginning of a new bear market. In this situation, we should expect a -20% movement between 100 and 150 days. IF the price cannot keep falling, we should be open to the idea that the correction was a break before the breakout of the resistance zone. Like the scenario, we saw between 2018 and 2018.
However, if the price keeps falling below the previous parameters, we may think that a new bearish trend will start with the first target at 22.20
SCENARIO 2 (Bullish): The price makes a clean breakout of the resistance zone reaching at least 45USD a share. IF that scenario happens, we will be waiting for a "Throwback," which is a retest of a broken level or structure, and the target for that movement will go from 57 to 61.
How to use this information): The main idea about creating possible paths is to start thinking about how you would trade certain assets IF the price reaches all your parameters. That allows you to do it calmly and professionally without being moved by your emotions. Patience is a great wealth creator.
Thanks for reading!
AAAlcoa (NYSE:AA) was a big winner Friday, as the stock closed up $32 on decent volume. I feel that there will be a continuation move next week, but I want to see a close above $33 before I buy. There are several short term technical indications suggesting that AA could make a move to higher levels. Worth putting on the watchlist.
The weekly target for ALCOA CORPORATIONThis is a simple post, mainly for people holding this stock and want to have an idea of exit levels or what to expect in the coming weekly candlesticks.
-Our approach to any chart is straightforward. It is based on analyzing things that happened in the past in specific areas and then replicating those conditions to the present to understand how the price can evolve.
-In this case, since 2009, we can see a clear support zone at 16.00; every time the price reached that level, we saw huge bullish pressure. When the price went below that level, it didn't take too much time to see it above again. If the 16.00 level is an accumulation zone, where is the distribution zone?
-To answer this, we can use the same approach. 40.00 is a distribution zone since 2009 for Alcoa. Every time the price reached that level, we observed selling pressure. Even when the price went above that level, the price retreat first. As a final target for the movement we observe, we think 40USD is a great area to close setups and see if we have corrective patterns that can provide us information about more bullish pressure coming or see huge sell-offs like the ones that happened in the past.
AA Long swingAA has had some recent huge sell off with volume appearing to absorb all those sold shares. Overall, I think this is looking quite bullish in the current channel it is in. Looking to scale out at different price levels. Also looks poised for a huge breakout on the larger timeframe bull flag its been in
THE WEEK AHEAD: HAL, NFLX, AA, UAL EARNINGS; EWZ, XLE, SLV, IWMHIGHLY LIQUID OPTIONS SINGLE NAME EARNINGS (LISTED CHRONOLOGICALLY IN ORDER OF ANNOUNCEMENT AND SCREENED FOR >50% 30-DAY IMPLIED):
HAL (13/61/13.9%),* Tuesday, before market open
NFLX (25/50/11.3%), Tuesday, after market close
AA (18/69/15.9%), Wednesday, after market close
UAL (13/64/14.8%), Wednesday, after market close
From a bang for your buck perspective: AA ranks first, UAL, second, followed by NFLX, and HAL.
I already have a covered strangle on in UAL and don't anticipate putting on more single name risk in the IRA (which is my primary focus running into retirement), but will naturally post a play should I get into one.
EXCHANGE-TRADED FUNDS WITH >35% 30-DAY AND RANKED BY THE PERCENTAGE THE FEBRUARY AT-THE-MONEY SHORT STRADDLE IS PAYING AS A FUNCTION OF STOCK PRICE:
EWZ (18/45/10.3%)
XLE (23/42/9.7%)
SLV (25/42/9.4%)
GDX (12/38/9.2%)
XBI (18/37/8.7%)
KRE (16/36/8.7%)
EWW (15/36/7.5%)
I'm already in everything here but for KRE and EWW (the lowest bangs for your buck on the list) and the February monthly is a bit short in duration here for me (34 days) and March a tad long (62 days), so I may not do much this week in these, although going out to March with another rung in my GDX, SLV, and XBI positions isn't out of the question.
BROAD MARKET RANKED BY 30-DAY IMPLIED:
IWM (24/32/6.8%)
QQQ (22/30/6.4%)
SPY (16/24/4.8%)
DIA (13/23/4.6%)
EFA (14/20/3.8%)
In spite of the fact that IWM and/or RUT have the higher 30-day, I may look at adding a July (181 days) rung to the SPY short put ladder I have on in the IRA, targeting the strike paying at least 1% of the strike price in credit (which would currently be something like the 240), and do the kind of "opportunistic rolling" I've been doing with shorter duration rungs. (See Post Below). Although most frown upon going out this far in time, it's a way to deploy otherwise underutilized buying power that will earn something >0% while I work shorter duration setups or wait for a higher implied volatility environment and/or greater weakness. Additionally, my goals for the IRA are somewhat modest from a return on capital standpoint: I'm not looking to hit homers or be an incredibly attentive investor, opting for a once a week or even a once a month schedule of looking at things, making adjustments as appropriate, and/or taking off stuff approaching worthless that doesn't merit hanging onto due to the amount of time left in the contract.
* -- The first metric is the implied volatility rank or percentile (i.e., where the 30-day is relative to where it's been over the last 52 weeks); the second, thirty day implied; and the third, the percentage the at-the-money short straddle in the February monthly is paying as a function of stock price.
$AA Alcoa Corp - Oversold Finding Support$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 range by mid-October
Note: This is NOT investment advice.
AA - 13.90% Potential Profit - Uptrend Corridor BounceUptrend 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 there are no strong pullbacks that trigger my new adjusted stop loss.
Alcoa breaks long run downtrend with earnings beat 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 on total market weakness