0HCB trade ideas
$AA Alcoa Corp Breakout Targets
Bullish Formation in AA as commodities continue to run higher.
Major target is the 200ma which has been resistance
since June 2018.
Indicators bullish as MACD reverses from Zero-line
RSI bounces off mid point support.
Possible bull flag breakout imminent
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|$AA| Alcoa Corp - Daily Chart with Fib re-tracementsWatching for a push near the daily 200sma, act as resistance or become support depending on the markets. But just a chart i'm keeping an eye on for that breakout over $14
Aluminium giant , Just ducks over the monthly 5SMA - LONGHas a thinly traded area below it till 8 dollars, but the current resistance being faced is a bullish pattern and the breakout measured move has the potential to test previous swing highs (over it). Similar resistance in assets has previously been broken to the up side already recently.
AA: awaiting breakout of longterm downtrendA lot of volume gathering in the past week, if AA can break out then this will be a breakout to watch
daily analysis of ALCOA CORPORATIONHi friends
the daily chart of this market shows with a very strong probability that it will know a downward trend until the level of with the vigilance that this market changes the direction towards the opposite direction
AA6.24.20 AA...showing follow up to a hypothetical that I thought would be a bad trade. IT IS IMPORTANT TO KNOW WHAT A TRADE LOOKS LIKE BEFORE YOU ENTER THE TRADE.
AA Round up (Channeling)AA has all its moving averages converging, setting it up for a rounding pattern upward to the $9 level. It has been channeling making high lows and is now sitting at the bottom of the channel. Looking for it to make a move to the top of the channel where it'll find resistance
Alcoa Corporation (AA - US) - Impulse sequence Alcoa Corporation (AA - US) is in impulse wave sequence. It is very weak stock compared to SPX. 4th wave was very complex and like a bear flag. 5th wave is already started down and moving towards new low when it finished.
Alcoa Corp (AA - US) - Sell for 5th wave downAlcoa Corp (AA - US) is going down for 5th wave down. It’s already broken down to 4th wave triangle. So next move will be very fast down. Sell with stops above 8.09 level as prices rise little on Monday as Spx is expected to go up slightly before going down further.
AA: $8 Short Sell-off Target + Long PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few of my insights. Right now given the time period we are in, AA went down in the demand curve as a precious metals provider for aluminum mining. I expect an $8 target is imminent during this bearish period, and one price corrections happen, it can have long term hold potential.
"Alcoa: on a Micro Ascending Channel" by ThinkingAntsOk4H Chart Explanation:
- Price is on a Down Trend on a Weekly Basis.
- Price is on the top of the Micro Ascending Channel.
- Now, price can break it up or down. If it breaks it up, it has potential to move towards the Descending Trendline. If it breaks it down, it will move down towards the Support Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
"Alcoa: short term bull path coming" by ThinkingAntsOkDaily Chart Explanation:
- On a Weekly Basis, it is on a down trend.
- However, price bounced on the Support Zone.
- Now, it has potential to move up towards the Resistance Zone.
Updates coming soon!
"Alcoa: one more down move coming" by ThinkingAntsOkDaily Chart Explanation:
- Price is on a Descending Trend.
- It si close to an important Support Zone.
- We expect price to get to there before looking for buy setups.
Weekly Vision:
4H Chart Vision:
Alcoa maybe interesting for 10 year long term playAlcoa this morning was trading at a price to book of .2. It has broken the immediate downtrend resistance. This morning it was at support from 1975 and held. It is the most oversold it has ever been in its history. Might be interesting to begin scaling a position as the market goes dow
"Alcoa: last two Supports standing" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Trendline and started the down move.
- Now, its on the Support Zone.
- If it breaks it, it will go down to the All Time Lows.
Weekly Vision:
Daily Vision:
Updates coming soon!
"Alcoa: towards the $6 Zone" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Trendline and started a huge down move.
- Price broke the Support Zone (Resistance Zone now).
- We are expecting a correction that allow us set a trade towards the next Support Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
Alcoa below $2BCan't really make a trade here, but thinking about the relative value of other businesses, Alcoa getting below $2B valuation with $128M in FCF is a weird place to be. Other industrials could quickly nab them to maintain supply chains and consolidate the group.
[ALCOA] Potential pullback or reversal....From a technical point of view, ALCOA has reached a very important support area and if it manages to keep it, a technical rebound or a reversal trend is possible.
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