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ALCOA CORPORATIONAA

ALCOA CORPORATION

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AAI 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.
NEducation
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.
NLong
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.
NLong
by Cekaj
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