Home About the company Daily reviews Alcoa Trading Analysis (27/08/2024)

Alcoa Trading Analysis (27/08/2024)

27.08.2024

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.

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 35.22.
Price targets at 30.50 and 27.50.

#alcoa #stock #stocktrading #tradingstrategies #tradingmt5

Author: GC

Back to all reviews Back

Subscribe to market analysis

Thank you for subscribing to our analytics

You already subscribed

Subscribe to market analysis

Thank you for subscribing to our analytics

You already subscribed

Review topic

All Fundamental reviews Market news Premarkets Technical reviews