The weekly chart of Alcoa does not look great for the long term, as it might draw a topping formation. However, for the next couple of weeks, it remains bullish 
On the daily chart, we have green impulse, rejection of the wave, and a bullish engulfing candle. Not the best trade because this stock stands at an important level.
This is a paper trade.
On the daily chart, we have green impulse, rejection of the wave, and a bullish engulfing candle. Not the best trade because this stock stands at an important level.
This is a paper trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.