Gareth Soloway
InTheMoneyStocks
An Alcoa Top: The Charts Say So
Started by
inthemoneystocks
, Apr 01 2014 12:32 PM
1 reply to this topic
#1
inthemoneystocks
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Posted 01 April 2014 - 12:32 PM
Alcoa Inc (NYSE:AA) is the best performing Dow Jones Industrial Average stock of 2014. It has been a monster, hitting a new 52 week high today of $13.18. While this seems great, it may have put in a top today. After surging early in the day, the stock has reversed and gone negative. There is a possible topping tail on the daily chart and it is up 50% in the last six months. This has the makings of a top written all over it. A pull back to $11.00 is likely should the markets begin to sell in the coming weeks.
Gareth Soloway
InTheMoneyStocks
Gareth Soloway
InTheMoneyStocks
#2
pisces
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Posted 01 April 2014 - 02:19 PM
Alcoa Inc (NYSE:AA) is the best performing Dow Jones Industrial Average stock of 2014. It has been a monster, hitting a new 52 week high today of $13.18. While this seems great, it may have put in a top today. After surging early in the day, the stock has reversed and gone negative. There is a possible topping tail on the daily chart and it is up 50% in the last six months. This has the makings of a top written all over it. A pull back to $11.00 is likely should the markets begin to sell in the coming weeks.
Gareth Soloway
InTheMoneyStocks
you could be right,,, but i can draw an asc. triangle starting middle of Jan 14. target would be $14.10~,, just saying!
