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Alcoa Corporation

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AA trade ideas

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.
NYSE:AAShort
by 649bruno
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.
NYSE:AA
by 3nchev
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.
NYSE:AAShort
by IvanLabrie
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