$AA Long Setup$AA Currently 212U Month. If it can continue to push, 45-47$ Short term target. FTFC 🟢
4AA trade ideas
#AA long ideaHello dear Traders,
Here is my idea for #AA
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
AA: Bad earnings report will push down?Alcoa Corporation
Intraday - We look to Sell at 37.00 (stop at 41.12)
This stock has recently been in the news headlines. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. Further downside is expected although we prefer to sell into rallies close to the 37.00 level.
Our profit targets will be 27.48 and 22.00
Resistance: 41.00 / 58.00 / 80.00
Support: 27.50 / 17.50 / 10.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
We are definitely going to see a plunge down after earnings.I think we're going to see a dip to mid $20's sometime in November before we see any movement upwards. Long term it looks like it wants to settle between $37-$40 range for a fair price. That's plotting the chart from 1987 till now. Using also a fib from 2020 to present day. They are also going to report a -$20 million dollar loss on their earnings report this October if you look at their SEC Q-10 form filed. I think that's definitely where we'll see the plunge to the mid $20's. Every other linear regression line I've plotted with different extreme lows and highs from 1990 till now, have it within the $35-$40 range. I've written some CC's and bought puts to collar my trade expiring deep into 2023. I go my parachute ready lads, I suggest you guys do the same.
Inverse Head & Shoulders $AABearish
Inverse head & shoulders formation.
Retest neckline
“A winner is just a loser who tried one more time.”
Cheers and happy trading!
Alcoa is going to make a run for $62.50 This looks like a solid long setup here. They'll try to bring price up to the high volume node at around $62.50, which also happens to be the 50% retracement of the entire leg down.
AADaily view. Nasty drop after that bear flag broke down. Looks like earnings next Wednesday. Could get a decent bounce to let some more big money out of the name.
AATagged my $39.57 level to the penny today. This level dates back to 1997. Might not be the worst level to try a long for a bounce.
$AA ~ Chess game going as expected...Correcting nicely... Love the company and will be a amazing opportunity down the road. Lets follow together and enjoy the ride. Next cycle will be different.
[Chart of the Day] Alcoa, critical levelAlcoa has dropped about 40% from its recent high of 98.00. In the past two weeks, it had dived even further.
Price seems to have created a lower high at 67.00.
It is current at very critical trendline support at 53.00. Do note that 55 is also the previous resistance back in Apr 2018.
Price to most likely consolidates between 53.00 and 67.00 for now. However, if 53.00 is broken, we will be looking at the long-term downtrend price action.
Alcoa is one of the beneficiaries of the Russian/Ukraine conflict along with the fertilizer sectors such as Mosiac. Also, note that Mosiac is facing a similar breakdown to Alcoa.
Our Summary: Current price may be too late for short. If the price rebounds back to the 67.00 level and bearish price action is seen, shorting may be a good position to take. Likewise, if there are bullish candles at 53.00, long positions may be taken as well. The range between 67.00 and 53.00 is big enough to trade. As mid-term trend and near term trend is bearish, we may be leaning more towards the short position.
Alcoa - time for a deeper correction?Log scale on the right chart, where we can identify a clear breakout to the downside.
No Armageddon, although, the stock may face some selling pressure for quite a prolonged period of time.
Short AAWe have two scenarios, 1. we go straight in $42 dollar zone, or 2. we go up to $100 zone, and fall right back down in to $42 zone. One or the other way I'm going short.
AA bouncing off support + Massive FlowThis trade has a great R:R imo.
Just a couple of days ago some heavy flow came into the January $75 calls. Over $5MI in premiums.
Price is bouncing off support and showing reaction.
Stop loss can be just below support and target can be $75 / $80
AA long scenarioMarket finished 1 to 5 Elliot wave theory and we are forecasting that this is the end of an ABC correction because it is 0.382 fib zone and top of the accumulation zone.
Entry: 65
Invalidation: 53
Target: 88 (middle of the accumulation zone)
AA.NYS_Breakout Trade_LongENTRY: 88.02
SL: 79.15
TP: 98.09
- ADX<20. Would like to be higher.
- Daily RS +ve
- Daily FFI -ve
- Weekly RS +ve
- Weekly FFI +ve
- Maintaining and looks like rebounded well around pivot point "P".
- Looks like possible channel movement off the bottom
- Entry based on breakout from Swim Trading VZ and Monthly CPR today but prefer it closed above.
Make or break area 👀AA at trend resistance, seems like its trying to breakout.. if it can my targets are 94.63-101.52-108.41
a break back below the trend can send it to 80.22-69.26
2022 Actual Trade: AA +31% Profits - 3-4 month base build a flat channel pattern in the tight range 44-52
- first entry point occurred 12/16/2021 at 52 when AA broke out the pattern
- we missed this entry point but we waited until its first consolidation 56-64 until early February
- obviously, AA was ready to make its prime time rally on February 7-8 when getting out 64 so it was our entry point 02/08 at 67
- the timing was right that AA took off immediately for the rally
- Fast February gave us enough buffer to hold through the tough March
- Then, another rally again gave the opportunity to take +31% within two months
Wyckoff Tape Reading - $AA - BullishBackground - Mar 20, 22
* 🐂
* Maybe at an oversold condition
Current Condition
* I don't see SOW 🚫 🐻
* Reactions on decreasing volume
* Coming to reaction -> re-rest at 90
What am I looking for
🐂 - high vol absorption at 90
🐂 - low vol reaction to 71 support and buy spring
🐻 - Don't see anything in the immediate future
Video Analysis cln.sh
Alcoa USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
AA: Upside ReclaimAA upside reclaim with strength in the sector due to windfalls in the industry. Growth in the company is expected as a result of aluminum price hikes. Alcoa is breaching the 20MA once again after bouncing off support on key 50MA & 69.98 support. Re-seen auction puts AA back on track of an upside movement towards a channel from October 2021. MACD cross observed on technicals, RSI at 55, and healthy volume. Analysts reiterated to Buy with new PTs. Price target: 84-89 // ATR: 5.47, Beta: 2.25
