Alcoaa loooonnnnnggggggg 3NYSE:AA looks good here if it closes above 200 SMA and 9/21 EMA plus close above the trend line, can target the 50 SMA as first target
has treated me well this ticker
185 trade ideas
AA eyes on $40: about to Break-Out or Lower High?AA has been climbing over the last month.
Currently testing a major resistasnce zone.
Look for Break-n-Retest or Triple-Rejection.
$ 39.81 - 40.27 is the exact zone of interest.
$ 41.63 - 41.97 is the next resistance above.
$ 36.09 - 36.57 is a Must-Hold support below.
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AA Long @34.48 - oversoldOversold and 5 down days but still in a longer term uptrend. I have a full plate so I'm not trading it but I would if I didn't. There's also some support right here as well (Apr/May consolidation and Dec '23 high).
AA Correction Possibly Wrapping Up at 61.8% RetracementLooking like a good ABC down to the 61.% retracement of the previous impulse. Also bullish divergence on timeframes under 1 day.
Aloca - A buy at 34.10Alcoa is dropping fast but may find support at the bottom of the parallel channel, completing wave 4. An A = C price target is 34.10. Upper channel moves to better than 55 by end of the year.
I'll be watching the Std indicator for a buy signal.
LP, 34.96, Long- No impulse after break
- Rollback
- No reaction to the market
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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
A A =Alright Amigo, Lets go to move up!Greenbar sits on the breakout position with 11 months of consolidation
5/10/20/60 are lining below over200MA
MACD splits with 2nd Greenbar + strong signal
over the oblique resistance
expect earning to be good in near future
Market Cap about 6B
More investors are joining the group
1st Target : $48
2nd Target : $58
Alcoa Corp potential buy setupReasons for bullish bias:
- Price gave LH plus strong resistance breakout
- Triangle pattern
- Bullish Gartley on weekly
Here are the recommended trading levels:
Entry Level(CMP): 31.53
Stop Loss Level: 24.52
Take Profit Level 1: 38.54
Take Profit Level 2: Open
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.
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AATesting top of range after bull flag breakout. Huge double bottom sideways range with 37.75 reistance. We may be on verge of breakout right now. Hold tight stops could attempt entrys here. If we dip in 36 and 34 are huge support buys. This should easily see 50+
Alcoaaaaaa longNYSE:AA Building a bull flag...
4 weeks of consolidation...
above good support
stop on daily close below 34
profit target is 40, which is a volume shelf
$AA longNYSE:AA has been accumulating here...
I am looking for leap 40C for 2026
targets are 38 and 40
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.
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.
Alcoa - Friday's Test of Low = Buying OpportunityThe first impulse move off the low illustrates a possible 5 wave impulse structure. Assuming we are in wave 4, a fifth wave, most likely exceeding the high of wave 3 can push AA to 35-36 over the very short term. Watching to see if the closing low of three weeks ago holds. This has often been a trigger for my trades.
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.
AA 2024 Outlook: Alcoa Stock Poised to Surpass $50 by Year's EndAlcoa stock is showing signs of potentially breaking its long-term bearish trend, with a possibility of reaching a range between $55 to $60 per share by December 2024, provided that it maintains support around the $27 mark.
AA Alcoa Corporation Options Ahead of EarningsAnalyzing 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 Calls with
an expiration date of 2024-3-15,
for a premium of approximately $2.47.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
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
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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
