AcquiringReverse Head and shoulders w lo volume handle. Also the right shoulder is also a Cup n Handle itself.
0HCB trade ideas
AA - Alcoa left the Centerline Pullback...In this overall DT, AA tried to recover two times which we see, how price was moving above the PB-Fork's CL.
Now, price again fell below and pulled back to it.
This time it will blow off at least down to the MLH.
P!
Alcoa: The 6th Basic Metals Component In XME That Is WeakAlcoa-is primarily a producer of aluminum products. Co.'s operations consist of five reportable segments: Alumina, which consists of its refinery system; Primary Metals, which consists of its smelter system; Global Rolled Products, which represents Co.'s midstream operations and produces aluminum sheet and plate for a variety of end markets; and Engineered Products and Solutions, which produces products that are used mostly in the aerospace, commercial transportation, and power generation end markets; as well as Transportation and Construction Solutions, which produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets.
AA-is a component of-XME.
XME-has been weak for the past month.
I suspect the basic metals components in-XME (iron-copper-steel-zinc-aluminum) are weaker than the gold-and-silver miners.
For-AA:
The indicator on the top of the page is RSI / Stochastic , and this is weak.
The top middle indicator is vortex and it is weak (red over green).
The Top (bar-type) indicator measures the "phase energy" of the stock , and this is weak, now approaching zero.
The Alligator jaws have closed. This indicates loss in upward momentum and a likely change in trend.
Until these indicators reverse to the upside, this stock is a sell.
My conclusion: basic metals stocks are weak. This weakness will cause ETF-weakness in-XME.
Good luck to you. Don.
Chance to touch or even breakout strongest resistance (AA)Signals:
1-multibottom
2-double bottom
3-flag formation
Buy 10.50-10.60 (flag's top line breakout)
Stop-loss -1 tic under flag's low (probably hasn't formed)
First target 12.00
Second target 14.00 (sizing approach)
AA. SHORTIF YOU LIKE OR AGREE WITH MY ANALYSIS PLEASE LIKE THIS POST=)
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@BullOfElPasotx
ALCOA at Trading MarkIf you have a look at the Chart, you can see a big resistance Zone between 17-18$.
Three times Alcoa has tested this Level, three times a selloff was the result.
Now i see the possibility that Alcoa could test this Niveau again.
This szenatio requires Prices above 12,25$.
Should Alcoa could not beat this 12$-Level, a drop to the Low (2009) at 9$ respective 5$ can be exspected (worst case)
Alcoa - Destiny Strong trendine broken , 2 times Test , Continuation higher making NEW HIGHS , forming something line Inverted Head&Shoulder , wave analysis can be put into consideration here too , a lot of opportunities around Alcoa are anticipated. I'm flat , out of this market for now , Thinking and Observing Price Action , Do the same , Do Not trade , stay and observe , watch candle closes , don't be fast in triggering the shot (trade) ! I wait for Daily strong closes + Weekly and Monthly bullish closes before starting to write my trading plan for future.
TRIPLE TOPE acción AATRIPLE TOPE acción AA velas 1 D esperar 1 o 2 velas para confirmar y luego entrar en posición
Possible Head and Shoulder pattern forming on AAHead and Shoulder is a classic bearish reversal signal. Watch for a drop in price below the neckline with heavy volume to confirm
AA: Looking weakAA has formed a potential time at mode downtrend setup below a Key Earnings Support level, and a significant mode to the left.
I expect a move to the downside to emerge from here.
To trade it, you can enter on a break of the last low, with stops above 9.52, and targetting the next support level, or the time at mode target.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Alcoa - Long biasNice rejections around Monthly/Weekly/Daily Support levels. If can sustain this momentum we can see higher prices
Wait for retest and then be bullish on AAMy plan is to wait for a pullback off of 10.21 resistance in to 9.79 pivot, CCI needs to be above 100 when we pull back. A quick wave count could be a third wave right now and then we´ll probably break above the resistance with a wave 4 as retest...
#AA: Short Set UpToday we break to the downside after a corrective move after bear impulse we hit the strong resistance also so could get a move to downside
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ALCOA ( AA ) - still bullish.Despite the 200 MA being above - it looks as if buying pressure could take price higher, I have my first target at 12.59 USD.
AA more upside and a test of $11Continued post earnings strength in Alcoa on high volume suggest a test of $11 appears likely now we have confirmation of the the $10.30 breakthrough. A successful challenge of this could see major upside. The stock is at 6 months highs so an accumulation strategy into a bought call may work well.
AA LongAA long depending on market sentiment
AA in a rectangle consolidation pattern
look for break of resistance and we can expect it to move the same distance of the rectangle
Alcoa trouble? `The aluminum company reported earnings today after the bell. The company reported a 0.07 cent gain. Let’s get to the technicals: Alcoa is inside month and outside week but, sideways very tight channel here. I think this stock is a sell, under $10 bucks that isn’t the problem. The problem is the industry has been having trouble finding ground of aluminum. $AA since March it has been very tight.
