$SPY - $AA Double BottomAA has a DB at 7.81. If market hold up, room up.. Must close over 10ema at 8.97 to remain bullish
1AA trade ideas
Favorites Indicators Friday- Moving AverageThe moving average (MA) is a simple technical
analysis tool that smooths out price data by
creating a constantly updated average price.
The average is taken over a specific period of time.
Trade methods:
- A buy signal occurs when
the 50-day crosses above
the 200-day
-A sell signal occurs when the
50-day drops below the 200-day.
Moving averages can also provide support and resistance to the price.
ESPAÑOL:
La media móvil ( MA ) es una sencilla
herramienta de análisis técnico que suaviza los datos de precios por
la creación de un precio promedio con una actualización constante .
El promedio se toma con base a un período específico de tiempo .
Métodos para hacer trade:
- Una señal de compra se produce cuando
el promedio de 50 días cruza por encima de
los 200 días
-Se produce señal de venta cuando el promedio de
50 días cae por debajo de los 200 días .
Las medias móviles también pueden proporcionar soporte y resistencia para el precio.
Traffic light, slow down, reverse or go ahead?Alcoa has a 100% return in a year, excellent stock!
From 8 to 16 since it's final bottom in Sept 2013.
Now, the price has navigated to a huge REALITY CHECK on whether it worth > 16 or even > 22.15
Huge consolidation area which can make or break Alcoa
So far, the bull that started a year ago is very strong.
Alcoa's Shining Knight?: Bullish Shark Edition?Alcoa has had the unfortunate circumstance of being thrown in the same group as many companies who are suffering because of the drastic fall in commodity prices. Currently there are two patterns targeting around 8.50-8.80. One is a bullish shark that has a potential PRZ between 8.78 and 8.57. The other is an AB=CD pattern targeting a PRZ at the 1.272 extension at 8.62. The overall PRZ zone(the gray box area) may be a good place to buy in or cover any short positions. Good Luck.
AA leads the materiasl chargeA strong move back by high volume in Fridays trading pushing the underlying stock up significantly and over $14 which we would consider an important price point. Consider a diagonal call spread to take advantage of currently high yield on a move over $14.25
Alcoa: Already Reversed?A good short candidate along with Google( )
The rally hit a long term resistance at 17.75 before stalling
After hitting that resistance, a head and shoulders formation completed on the weekly chart
The price broken out below the neckline of the head and shoulders confirming the pattern
The price broken below the 52-week Simple moving average
A Minor upside pullback towards the shaded area could provide a better shorting level in terms of risk-reward
Main target is at 10.00 major level
Stability back above 16.00 may be the invalidation of this setup
Good luck...
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AA reports and declinesas posted, but SPY up?AA reacted as i thought, but baffled by market reaction, searching for reasons why. If SPY has broken the three drivers pattern, the bulls may just have their way. Unless this is a dead cat bounce, or yet another or maybe a last attempt to keep the bull that simply die alive by artificial means, which they are very good at. Baffled is the word.
Had a great ruin higher after getting kicked out of the DJIAThen consolidated back half of 2014 and into 2015 before February pullback. Looks solid reversal into earnings, BB's starting to open
Alcoa thoughts ahead of earnings4 out of the last 5 earnings, market reaction was down (and one gap down) for an average of 5 days, then a significant bounce back and then some. Its been down to a base, and now up to??? HOWEVER, using RSI as an indicator, we are reaching overbought. Interesting how oil is right at its decision moment, will we breach through the resistance or bounce down, taking alcoa with it, and other commodities. What OIL camp are you in? Have we seen the lows yet, or not? That is the question. And half of the quarter has been down for aluminum prices.
Alcoa Kicks Off Earnings Season Again -April 8, 2015Alcoa (AA) kicks off the Earnings Season in the S&P500 each quarter. Here is a chart of the first month of "earnings season" which starts when AA announces.
Alcoa appears to be negatively correlated to the market, which goes against conventional wisdom. If you look at how Alcoa is positioned between earnings reports, you can see that if Alcoa is down in price between earnings reports it has been good for the market. When Alcoa is up between earnings reports, the first month of earnings season has been weak or down.
A RISING ALCOA has led to weak first month of earnings season SPY price action.
Tim 4/7/2015 3:48PM EST 207.64 last SPY, 13.44 Alcoa (AA)
Alcoa is showing signs of weakness$AA has been consolidating around 15.60, which makes it a choppy stock with LH-HL. There is no clear trend at this point. However the signs of the long term trend show weakness, both in the trend and momentum. It has tried to break the magic 18.00 value that would make it skyrocket, but after the double top the next attempt barely reached 15.90, Not enough and actually a pivot point for a downtrend channel.
The support of the 34 ema is holding, but if it is broken the next stop to the downside will be the 0.618 Fib, It will retest that former high. Chances are it will rebound supported by the 89 ema.
Head and Shoulders is formingJan13: Head and Shoulders forming. The triple momentum divergence is the signature of the H&S pattern. Even though Earnings was good, the market reaction was not so good. If this is the case then this could fall as low as 12.63 where the 50% retracement of the rally is marked. Keep an eye on the rotation of the fast ribbon (orange) if the price doesn't go back above 16.50 then the market will probably just dump it. and will retry breaking the 18 Strong resistance at a later time.
Entry @15.50 Target1:15.25, Target2:13.80, Target3:12.63. Stop@16.50
Elite Zone pre-earnings setup exampleThis setup was one of several setups sent today to the Elite Zone members in the weekly members stock markets analysis.
If $AA will continue its climb (after a strong weekly candle from last week) and reach the resistance zone near 17$, it will also complete a bearish Bat pattern.
17$-17.5$ will be an interesting zone to look for intra-day reversals that can trigger short entry for those who wish to trade this bearish harmonic pattern.
If you like this analysis and you want more.. join the Elite Zone members via the MarketZone website:
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AA, 1st to announce earningAlcoa will be first company to report earnings ushering into 2015.
Just my little speculations on where the direction of gap will be for better than expected or deteriorating earnings.
