AA We are waiting for a trigger for a shortlike in the chart this is the plan and we will wait for the trigger , we will update when we do any action
AA trade ideas
Alcoa Has All The Marks Of A Stock About To Dive To $32Something is amiss with aluminum producer Alcoa Corp and I will tell you exactly what it is. After reporting solid earnings at 52 week highs, Alcoa Corp opened higher and collapsed. The stock put in an ugly reversal which should scare any investor who is long the stock. Over the last few days, Alcoa has been unable to catch a bid. Instead wallowing sideways. The inability of it to surge higher and retest the recent highs give credence to analysts signaling caution. This stock chart pattern may be setting up to signal Alcoa is headed sharply lower. Perhaps as low as $32.00. Considering the current price is $36.45, it would be a dramatic fall. Stay tuned as there may be a short trade setup here.
Alcoa Corp AA: Can We Rule Out the Possibility of a Breakout?I think this stock is running the correction stage. A breakout can take this stock to the level 39-40. Let us see how it works out.
Arconic AKA Alcoa topShort after a strong rally. Yearly trend shows that it has topped around 30 with some downward resistance and will eventually move lower towards support line. Profits to be made.
AA Ascending trianglethe Ascending tiangle is a bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs.
Traders enter into long positions when the price of the asset breaks above the top resistance. But in this case, we can see that the volume is dropping and the MACD is showing divergence. Therefore qe should wait for a candle of confirmation after the breakout before entering the trade.
-Bollinger bands are tightening
AA - CONTINUATION - SHORT AND LONG HAD A GOOD RUN HERE STILL LOOKING FOR MY ORIGINAL TARGET OF $32 POSSIBLE CONTINUATION WITH ALCOA'S SPINOFF ARCONIC'S 1ST 1BN$ SUPPLY DEAL WITH AIRBUS GROUP SE LAST WEEK
Alcoa Looks All Set For A BoostAlcoa Corp is looking good, it split from Alcoa Inc to focus itself on it's advanced engineering. They are all good noises from this stock. So it is not a bad idea to get involved. I would say this is a long-term Portfolio play.
Trade Alert: $AA Likely To Hit Big Short Level At This Price... Shares of Alcoa (NYSE:AA) bounced higher last week even as the stock market and commodities dropped. Today they are surging again and likely going higher as the stock has yet to hit any major resistance. The resistance level is at $27.00. This is the point where I am going to pull the trigger on a short trade. The stock will have been up over five days straight and tag a major gap fill when it hits that price. it likely will happen this week. In technical analysis, gap fills are major resistance points when a stock rises into it. This would be the case with Alcoa. As I believe a post election rally is at hand, I will wait patiently for it to hit later this week. Stay tuned. It is a great stock trade setup.
Jenny
ALCOA HAVE A BIG PROBLEMAlcoa Inc. - American Iron and Steel Company, the world's third largest aluminum producer, after Rio Tinto Alcan and "Rusal"
Bearish Triangle Breakout. Chart is simple, after an earnings shortfall AA has done a serious gap down, and broken out of the triangle consolidation. Is the next stop for Alcoa at 23.90? Probably so!
Cheers =)
AA Potential SqueezeAlert set for BB upper band to dip inside the KC upper band which will trigger a squeeze on the TTM-indicator. Potentially a great long term trade
AcquiringReverse Head and shoulders w lo volume handle. Also the right shoulder is also a Cup n Handle itself.
AA - Alcoa left the Centerline Pullback...In this overall DT, AA tried to recover two times which we see, how price was moving above the PB-Fork's CL.
Now, price again fell below and pulled back to it.
This time it will blow off at least down to the MLH.
P!
Alcoa: The 6th Basic Metals Component In XME That Is WeakAlcoa-is primarily a producer of aluminum products. Co.'s operations consist of five reportable segments: Alumina, which consists of its refinery system; Primary Metals, which consists of its smelter system; Global Rolled Products, which represents Co.'s midstream operations and produces aluminum sheet and plate for a variety of end markets; and Engineered Products and Solutions, which produces products that are used mostly in the aerospace, commercial transportation, and power generation end markets; as well as Transportation and Construction Solutions, which produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets.
AA-is a component of-XME.
XME-has been weak for the past month.
I suspect the basic metals components in-XME (iron-copper-steel-zinc-aluminum) are weaker than the gold-and-silver miners.
For-AA:
The indicator on the top of the page is RSI / Stochastic , and this is weak.
The top middle indicator is vortex and it is weak (red over green).
The Top (bar-type) indicator measures the "phase energy" of the stock , and this is weak, now approaching zero.
The Alligator jaws have closed. This indicates loss in upward momentum and a likely change in trend.
Until these indicators reverse to the upside, this stock is a sell.
My conclusion: basic metals stocks are weak. This weakness will cause ETF-weakness in-XME.
Good luck to you. Don.
Chance to touch or even breakout strongest resistance (AA)Signals:
1-multibottom
2-double bottom
3-flag formation
Buy 10.50-10.60 (flag's top line breakout)
Stop-loss -1 tic under flag's low (probably hasn't formed)
First target 12.00
Second target 14.00 (sizing approach)
