Shares of Alcoa has resistance located at$ 17on the weekly chart and form the pattern of to continue the upward movement.
Note that the pattern is not fully shaped yet. It is expected that the price will return to the level of 16$, and it will give us a good opportunity to long in order to break the level of 17$
Correction pattern with support level at 300$ is shaping on the weekly chart of Amazon.Com Inc. We should expect decreasing volatility in the range from 300 to 330$ and then breakup of 340$ in order to repeat a 400$ high. A signal to open position is break of downtrend line on a weekly chart.
Shares of Alcoa has resistance located at$ 17on the weekly chart and form the pattern of to continue the upward movement.
Note that the pattern is not fully shaped yet. It is expected that the price will return to the level of 16$, and it will give us a good opportunity to long in order to break the level of 17$