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).
Key facts today
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−4.71AUD
−980.77 MAUD
16.13 BAUD
About Alcoa Corporation
Sector
Industry
CEO
William F. Oplinger
Website
Headquarters
Pittsburgh
Employees (FY)
13.6 K
Founded
1886
ISIN
AU0000339426
FIGI
BBG01NCLRPK1
Alcoa Corp. engages in the mining of bauxite. The firm is also involved in the upstream aluminum industry. It operates through the Alumina and Aluminum segments. The Alumina segment consists of a refining system, including the mining of bauxite, which is then refined into alumina, a compound of aluminum and oxygen that is the raw material used by smelters to produce aluminum metal. The Aluminum segment is composed of smelting and casthouse system, as well as energy assets in Brazil, Canada, and the United States. The company was founded by Charles Martin Hall on July 9, 1886 and is headquartered in Pittsburgh, PA.
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 peri
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 : $
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 n
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+
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