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Alcoa Trading Analysis (25/09/2024)

25.09.2024

Market Review

The trend is descending. The stock is trading in the range between 365 and 135 ЕМА. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Alcoa stock price

Trading idea:

  • Sell when the formation of the descending wave structure begins, when the wave A breaches the sloping channel of the ascending truncated structure.
  • Stop-loss at 37.47.
  • Price targets at 32.37 and 27.87.


#alcoa #stock #stocktrading #tradingstrategies #tradingmt5

Author: GC
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