Today we will analyze the stock Alcoa Inc. (AA) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Alcoa Inc. (AA)
1- Last bearish trend was from 10.95 $ (8/17/2010) to 10.01 $ (8/26/2010) a 0.94 $ move 2- The current bullish trend started from 10.01 $ at 8/26/2010 and is currently trading at 10.52 $.
3- AA current support level is at 10.48 which is the 50.00 % fibonacci retracement of the last 0.94 $ move.
4- AA current resistance level is at 10.59 which is the 61.80 % fibonacci retracement of the last 0.94 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Alcoa Inc. (AA) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 10.010 and 10.600,resistance between 10.950 and 11.680 which was broken up at 10.520 in higher than usual volume.
Alcoa Inc. (AA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 11.680 .
Alcoa Inc. (AA) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 11.680 .

Stock Trading Conclusion:
Alcoa Inc. (AA) 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 : 10.59, 10.95, 11.21, 11.53, 11.67,.
Stock Support levels : 10.48, 10.40, 10.37, 10.33, 10.27, 10.23, 10.22, 10.20, 10.01,.