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ALCOA CORPORATION

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AA1 trade ideas

ALCOA - A Technical Breakdown A technical breakdown of Alcoa looking at 3 different setups all completing in the same zone. SETUP 1 - A Fibonacci inversion trade where price is expected to terminate after it's most recent pullback SETIP 2 - A bullish Cypher pattern which is an Advanced pattern formation that forms after a period of indecision. SETUP 3 0 A potential bullish Gartley which is a harmonic pattern which complete within our previous structure killzone. Questions, comments & ideas, please leave them below. I wish you guys a great end to your trading week and a great weekend as well. Akil
NYSE:AALong
by Akil_Stokes
6
Alcoa Could Be Fighting HigherAlcoa has fought higher since October, and some traders may expect further upside. The first pattern on today’s chart is the December 27 high of $35.03. The aluminum company rallied above that level in early April and retested it in mid-April. Has old resistance become new support? Second, AA is nearing its previous 52-week high of $38.20. Chart watchers could pay attention to that level for signs of a breakout. Third, the 8-day exponential moving average (EMA) has stayed above the 21-day EMA since early last month. That may reflect a bullish short-term trend. Finally, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in early April. That may suggest the longer-term trend is getting more bullish. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:AA
by TradeStation
ALCOA Stock Chart Fibonacci Analysis 022124Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 27/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:AA
by fibonacci6180
AA - Cyclical Nature calls for Cycle Lows in MarchReviewing a longer term chart of Alcoa, it's hard to miss the cyclical nature of this stock. Regularly hitting cycle lows in March each two years. Stochastics still falling and a closer analysis indicates that there will be one more leg down. However, now is the time to put this one on your radar. I have already taken a position but had sold January calls to generate some income while I am waiting for this to bottom. Think that with inflation not backing down, this one is going to be a big winner for the next two years. Notice that the tops are pretty regular as well.
NYSE:AALong
by AssetDesign
AA Alcoa Corporation Options Ahead of EarningsIf you haven`t bought AA before the previous earnings: Then analyzing the options chain and the chart patterns of AA Alcoa Corporation prior to the earnings report this week, I would consider purchasing the 30usd strike price at the money Puts with an expiration date of 2024-1-19, for a premium of approximately $1.13. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:AAShort
by TopgOptions
Alcoa to find sellers at previous support?Alcoa Corporation - 30d expiry - We look to Sell at 32.65 (stop at 35.05) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Preferred trade is to sell into rallies. Previous support at 32.50 now becomes resistance. This stock has seen poor sales growth. The sequence for trading is lower lows and highs. Our profit targets will be 26.65 and 25.55 Resistance: 28.57 / 29.83 / 31.45 Support: 27.47 / 26.35 / 25.59 Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group
NYSE:AAShort
by VantageMarkets
1
Alcoa in a sequence of lower lows and highs.Alcoa Corporation - 30d expiry - We look to Sell at 32.65 (stop at 35.05) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Preferred trade is to sell into rallies. Previous support at 32.50 now becomes resistance. This stock has seen poor sales growth. The sequence for trading is lower lows and highs. Our profit targets will be 26.65 and 25.55 Resistance: 29.05 / 30.00 / 31.45 Support: 27.76 / 27.00 / 26.00 Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group
NYSE:AAShort
by VantageMarkets
AA - Breakout? Or Breakdown?Alcoa is such a mystery to me. On one hand, I want to add to an already heavily hedged long position but looking at the general downtrend and the recent consolidation here, I'm wondering if AA is destined for another leg down, that might bring prices to 25 or even 17. I keep thinking that whenever I want to add to my AA position, I should buy Nucor instead but even as NUE continues to act very strong, I keep looking at AA. Don't know why, doesn't even pay a decent dividend, just a tad over 1%. That also concerns me as many materials stocks are paying 3% or better. Running out of time here as a breakout one way or the other is destined to occur. The wave analysis seems to indicate lower prices. Anyone follow AA? Thoughts welcome!
NYSE:AAShort
by AssetDesign
1