AA According to technical analysis stock picking,AA According to technical analysis stock picking, week macd Jin Cha, and heavy volume, so buy on the approach
185 trade ideas
Alcoa AA: Profitable correction?Recent breakout of cup formation with retesting breakout line. Could still short term go back to up channel line but longer term think likely will up wave to about 70 which would be .62 correction
If you like fundamentals see: seekingalpha.com
Interesting to me is the 2 negative reversals in the RSI (dashed black lines) both of which led to a negative trend change. The first was aborted by a bullish divergence. Currently have a potential bearish divergence.
AA breakout long setup 3 win to 2 lost ratioIt is a decent trade with win side of 3 and lose side of 2.
AA - Stochastic Divergence on SupportAfter 8 years, AA broke through 40.00 resistance and is testing it as support. With the stochastic divergence signal, we should be able to hold and move higher.
Buy: 42.60
Target: 44.08 - 46.46 (3.46% - 9.06%)
jbzstocks.com
@jbzstocks
AA - Stochastic Divergence on Support LineAfter 8 years, AA broke through 40.00 resistance and is testing it as support. With the stochastic divergence signal, we should be able to hold and move higher.
Buy: 42.60
Target: 44.08 - 46.46 (3.46% - 9.06%)
jbzstocks.com
@jbzstocks
Alcoa - a clear buyAfter breaking the major resistance area around 40$, Alcoa viciously came back down for a test. I would buy against this major support, given the bullish hammers and the oversold Force Index.
Soft stop below resistance, around 36$. Target at 60$.
Resistance becomes Support (Weekly Chart)You do not need to draw many lines this here. Key points here
1. Resistance becomes Support
2. Breakout of the resistance line at 40.00 (Round number)
3. Pullback and a bull hammer candle
In today idea I do not want to write a complete book about this chart, because the chart speaks for itself. But there are a point here:
The PE Ratio is: 49.37 looks high for you? This is relative for some investors. There is no absolute truth about the PE Ratio or else no one would buy this action because the PE is High.
Material for learning:
www.investopedia.com
stockcharts.com
www.onlinetradingconcepts.com
www.rediff.com
www.investopedia.com
Opinions are for educational purposes. I am not licensed to provide investment advice
AA short!!if you joined me on my last SNAP trade join me here
broke trend and has been diverging
not to mention market is reaching a top
updates to come
AA Descending ChannelAA is at the top of a long term descending channel. Entry in right after breakout with a 5-10% profit target and 3% stop loss.
TRADE IDEA: AA MAY 5TH 28/32/32/36 IRON FLYAA (implied volatility rank 73/implied volatility 48) announces earnings on Monday after market close, so look to put on a play before the end of the session to take advantage of the post-announcement volatility crush.
Metrics:
Max Profit: $210/contract
Max Loss/Buying Power Effect: $190/contract
Break Evens: 29.90/34.10
Theta: 4.96
Delta: 3.51
Notes: This is a preliminary setup that may require some tweaking once NY opens. As with all short straddles/iron flies, I would look to manage this at 25% max profit.
Currently, the setup is bid 1.75/mid 2.10/ask 2.45, which is not exactly "tight." Personally, I will look for a fill at or slightly above the mid price. The fly's an 8-wide, so I would have to get 1/4th the width of the wings out of it to make it worthwhile anyhow (i.e., >2.00).
AA going downSee chart. RSI is preceeding price this time big time. Breached top of trading range. Breached trend line of strength. Heading for its 200 day MA, and then its bye bye aluminum. Why? Aluminum is in almost everything. Auto sales down (aluminum trick beds i.e. Ford) , auto loans in question, retail suffering, big plans are stalled, grid lock has locked up Washington's brakes. FED has gone public they are aware. And now we are going tell China to stick it, pay up, play fair, really, a little bit? Really? A reset is needed, and China is just the one to send a message that they hold the trump card in this game now. 70% of all clothing and shoes, and other stuff is all made in China. Companies have been profitable only because their cost of goods has been historically cheap. Retail will almost certainly just die, or become disabled. Amazon, costco, sams only games in town. Also for corps to be proftable, no growth in sales, but cut costs, more efficient (fire people, eliminate jobs, roles, install robots) parties over. How about a 10% drop, or more? AA is a very good barometer of our economy, which is about to tank. And AA to 22, it could happen. Might be just what is needed to release the grid lock, and put a little panic in their reelection campaigns. Maybe then they will go in a room and not come out until they have a deal done. Idiots! Do it now, and save us all some of this pain. Oh well.
AA - better some than none. Industry:
EPS due date: 4/10
Horizontal S&R: no
Channel S&R: yes
MA S&R: yes, 50ma
>200ma: yes
Volume confirmation: no
Candle Confirmation: no
Stoch Divergence: oversold
Reg Trendline >85: no
Short Float: large cap
Risk / Reward: 1.6
Any feedback is welcomed.
Seems like the best trades offer little chances to get in. I got in starter position on the 27 w/ hopes of adding. Looks like now about to hit target. . .
