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Alcoa Corporation

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AA trade ideas

[ALCOA] HOW TO TRADE A CORRECTIVE STRUCTUREGood morning Traders! This strategy is very simple and clear, it tells us "what to watch, entry, target and stop loss" . Our idea of technical rebound must be confirmed with a first bullish leg (rally), so if this event does not happen, we will not go looking for a long position. If instead there will be a rally, we will wait for pullback (often around 50%/62%) and we will try to take a long position on the completion of the corrective structure (ABC). Stop Loss below the previous low. To complete this strategy, you need to calculate an appropriate size (Money Management) If you think our analyzes are useful, support us with a simple "Like", thank you and trade with care! Cheers.
NYSE:AAEducation
by TheAnonymousBanker
AA ascending triangle + moving average crossingAA is making a short-term ascending triangle since 8 days, that should break in 2 or 3 days, combined with a crossing of the weighted moving averages of 5 and 25 days. The corresponding MACD also indicates a buy signal. Those 3 indications are a good buy for a 2 or 3 weeks planned bullish move. The move should stop at or a little bit above 23$, which is the resistance since many months. However, be careful about keeping your position or selling it before the earnings report of January 15th.
NYSE:AALong
by MatG15
Alcoa Corporation Ascending Triangle BottomPrice is currently around the 2009 and 2016 lows (very important lows, especially considering the significance of those 2 dates). It is now in the process of forming an ascending triangle (currently on what could be the 5th and last touch of the pattern boundary. I will enter this trade if the breakout occurs. I am not interested in prepositioning myself because this stock is technically still in a downtrend, so I need to see a powerful breakout with significant volume.
NYSE:AALong
by Cekaj
3
$AA Alcoa Corp a good Risk - Reward into earnings Strong support below, limited downside. Huge upside potential. Bullish reversal on very high volume, pre earnings. Analysts upgrade on Oct 10th J.P. Morgan analyst Michael Gambardella maintained a Buy rating on Alcoa Corp (AA) today and set a price target of $26.00. Company profile Alcoa Corp. engages in the production of bauxite, alumina and aluminum products. It operates through the following segments: Bauxite, Alumina, Aluminum, Cast Products, Energy and Rolled Products. The Bauxite segment portfolio represents its bauxite mining assets and it is mined and sold primarily to internal customers within the Alumina segment, who then process it into alumina. The Alumina segment represents its worldwide refining system, which processes bauxite into alumina, which is mainly sold directly to internal and external smelter customers worldwide. The Aluminum segment represents its worldwide smelter system, which receives alumina, mostly from the Alumina segment, and produces molten primary aluminum. The Cast Products segment represents its worldwide cast house system, which are made from molten aluminum, purchased primarily from its Aluminum segment, which is then formed into various value-added ingot products, including billet and slab, for use in fabrication operations in a variety of industries. The Energy segment represents portfolio of energy assets. The Rolled Products segment represents its rolling mill in Warrick, Indiana, which produces aluminum sheet primarily sold directly to customers in the packaging end market for the production of aluminum cans. Alcoa Corporation began operation as a separate company on November 1, 2016 and was formed by Alcoa Inc. (now named Arconic Inc.) via a distribution of shares (spinoff) to existing Alcoa Inc. stockholders. The company is headquartered in New York, NY.
NYSE:AALong
by RedHotStocks
Full Analysis + Trade Idea on ALCOA by ThinkingAntsOkUse this as an idea to develop your own setup: Main items we can see on the Daily Chart: a)Price is against a major Support zone b)We can see how the Bearish Movement have been decelerating c)This on context is a good signal for thinking on Reversal movements coming soon d)On the weekly chart, we can see a huge bullish Divergence e)Our idea is to wait for a fake-out on the mentioned area + consolidation structure f)If those items are accomplished we will set our orders on the explained areas on the chart. Weekly Vision:
NYSE:AALong
by ThinkingAntsOk