Today we will analyze the stock ALCOA INC. (AA.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in ALCOA INC. (AA.BA)
1- Last bullish trend was from 8.45 $ (3/28/2012) to 9.20 $ (4/19/2012) a 0.75 $ move 2- The current bearish trend started from 9.20 $ at 4/19/2012 and is currently trading at 8.50 $.
3- AA.BA current support level is at 8.45 which is the 100.00 % fibonacci retracement of the last 0.75 $ move.
4- AA.BA current resistance level is at 8.74 which is the 61.80 % fibonacci retracement of the last 0.75 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ALCOA INC. (AA.BA) Short term stock chart patterns for internet stock trading :

None.
ALCOA INC. (AA.BA) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 3.700 $ height triangle which was broken up at 8.850, target of the pattern is 12.550 which was broken down at 9.120 in higher than usual volume, target of the pattern is 5.420.
ALCOA INC. (AA.BA) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 11.500 .
8- The Stock formed a 3.700 $ height triangle which was broken down at 9.120 in higher than usual volume, target of the pattern is 5.420.

Stock Trading Conclusion:
ALCOA INC. (AA.BA) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 8.67, 8.74, 8.77, 8.80, 8.82, 8.85, 8.91, 8.93, 9.02, 9.20, 9.70, 11.50, 12.55.
Stock Support levels : 8.45, 8.32, 8.25, 7.99, 5.42,.