Stock Technical indicators to notice in Alcoa Inc. (AA)
1- Last bearish trend was from 10.45 $ (1/25/2012) to 10.13 $ (1/31/2012) a 0.32 $ move 2- The current bullish trend started from 10.13 $ at 1/31/2012 and is currently trading at 10.76 $.
Alcoa Inc. (AA) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bullish stock channel identifed by support at 10.130 and 9.130,resistance between 10.450 and 9.420, the stock channel is currently supported from below by 10.318 and resisted from above by 10.965.
Alcoa Inc. (AA) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 9.990 and 11.500 that was broken up at 8.620 transforming into a supporting line.
Alcoa Inc. (AA) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 9.990 and 11.500 that was broken up at 8.620 transforming into a supporting line.
Stock Trading Conclusion:
Alcoa Inc. (AA) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : .
Stock Support levels : 10.61, 10.52, 10.44, 10.37, 10.13, 8.48, 6.97,.
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