ALCOA CORPORATION short bullish push expected
Hi viewers, AA price on zone, in last periods bearish trend we have, currently here expecting to see one short bullish push
TP1:37
TP2:38
TP2:39
Alcoalong
Alcoa to break higher?Alcoa Corporation - 30d expiry - We look to Buy a break of 58.33 (stop at 53.81)
There is no clear indication that the upward move is coming to an end.
Daily signals are bullish.
The previous swing high is located at 58.24.
A break of the recent high at 57.61 should result in a further move higher.
The primary trend remains bullish.
Our profit targets will be 69.61 and 71.61
Resistance: 55.00 / 58.24 / 60.00
Support: 50.50 / 48.68 / 46.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
10/17/21 AAAlcoa Corporation ( NYSE:AA )
Sector: Non-Energy Minerals (Aluminum)
Current Price: $56.00
Breakout price trigger: $52.50 (hold above)
Buy Zone (Top/Bottom Range): $53.90-$49.90
Price Target: $53.00 (1st, achieved) $64.20-$66.30 (2nd)
Estimated Duration to Target: 86-89d (2nd)
Contract of Interest: $AA 12/17/21 55c, $AA 1/21/22 60c
Trade price as of publish date: $5.00/cnt, $4.20/cnt
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.
