AA: 4Bar Play Intraday AA: 4Bar Play Intraday scalp/momentum live in play this morning with the sector in the lead this am.
185 trade ideas
How Long Can Alcoa Stand Alone?Material stocks have come under pressure as the Federal Reserve gets hawkish. Alcoa has held up better than many peers, but for how long?
Notice the candles with long upper tails or solid bodies as the aluminum company chopped above $60. Those indicate selling pressure around that price.
Looking further back, notice how that level matches a high from April 2018. It’s also the low from 2006 and January 2008 – immediately before the subprime crash. That could make the price zone especially important.
Next, you have bearish divergence because MACD started falling as AA tested the highs.
Third, the weekly chart shows two consecutive candles with lower highs and lower lows. There’s also a price channel with its bottom currently around $48:
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Alcoa hitting lower lows. AAIt seems we reached the end of an impulse, and that means there a new road going South.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets going down are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
AA: Intraday continuationAA: Intraday continuation with the Energy Sector taking the lead for the day. AA fresh from monster earnings found support on the 200ma and has pierced the 20ma to recapture previously auctioned price shelves to the upside. AA is continuing an upwards channel it has oscillated in since July 2021. With a -5% weekly and -2% monthly move, the entry is prime price for the upside// Target Price: 65.15, ATR: 3.27 , Beta: 2.34
Monthly chartLoving this monthly chart. For long, I would like to see it base around 50ish area to see higher.
For short. Looking at the 5 - 15 min chart,
I see descending triangle pattern forming.
What're your thought? I'd like to hear it!
AA - Long SqueezeAA cleared the earnings hurdle today and maintained prices levels despite another market down day.
1. Strong daily and weekly trend.
2. 4 bar squeeze.
3. Visible price levels and sitting at volume profile levels.
4. Commodity cycle with inflation to help with tailwind.
5. XME is at the top of channel and AA is strong within the ETF.
Entry: 59.50, 58.05 and 56.65
Stop Loss - 53.45
Profit Target - 61.50.
Good Luck!
AA.. Blue Skies Huntin'Looking pretty strong here... Lots of options flow on this name as well. KEY break over 63 could send this a lot higher.
AAHighest price since April 2018. Could consolidate a little here or just keep running right to $100. Either way, bullish.
Look Out Below AA -24%?I got into meditation this morning and just got a flood of "A"s. I figured it must be Alcoa. I don't follow it much, but was surprised to see the recent move up. Unfortunately though, my dowsing and guidance is that this thing is ready to dump hard. I literally got the "waterfall" option for my dowsing, and that's never pretty. Unless you're short, of course!
Obviously, I could be completely wrong and have the wrong direction!
But, the energy is negative enough that I hope to warn anyone long in this name that the suggestion is it drops 24% from the recent high. That would take it back to around $46.00. I'm gonna short it!
AA (Alcoa) Breakout After 2 months of consolidation Alcoa finally broke over .5 fibonacci Area.
Finish the weekly and daily outside its bollingerbands so I expect a retest of 57.50 or .5 fibonacci to cool off then take the next leg higher.
On the monthly it looks like a huge Double top is forming here.
Stop loss 57$
Target 70$
Wait for the retest of 57.50 to see if it holds. I never reccomend longs on anything outside its bands
AALOTS of potential here short-term and especially over the longer term imo. Close over the blue trend line sets up a move back towards recent highs. Break the recent highs and I don't think $100 is out of the question in 2022.
Short-long)The stock is at the support level. Locally, it could rise to 53. Upside +10%
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AA doing great. Following the bullish channelAA is doing great. Following the bullish channel. The next target is 56.78 PPS. NYSE:AA
Buy AA 2/11/2021You can buy AA target 54.65 stop loss 43.14
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
20% + move $AANYSE:AA hits its channel's bottom trendline. If sign of reversal: easy move to $60. Strong resistance at $60 - $62
Alcoa , Channel bounce? I'll be watching for a reaction near the 49$ zone for a bounce or fall through. Kinda oversold on the 1hr.
Long over 50.
short below 48
When Are We Shorting Metals?Afternoon!
Just combing through charts, and I saw this one in Alcoa. Kinda insane.
Now, I know Metals are in vogue right now from both a narrative & flows perspective (positive and improving):
***
Financials 4
Energy 4
Consumer Cyclical 4
Consumer Defensive 2
Industrials 1
---- Materials 1----
Utilities 0
Technology 0
Real Estate -2
Communications -3
Healthcare -4
***
But seriously?? This chart is insane, and the temporary increase in profits from all of the shortages might last for the next two years, if we're lucky. Buying this at 12x FWD cash flows when that leading number is liable to drop seems like a LOT. I'm steering clear of stuff like this at these prices. With the rate situation, banks seem like a much better "value" play. KRE is something I'm actually considering.
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) had a strong move on Friday, as the stock set new 52-wk highs. The stock hit a high of $56.93, which is resistance for the follow through move. You should watch this stock closely on Monday for continuation.
$AA Alcoa Jumps with new Buybacks + Dividend $55 PT
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