Short opportuity on Alcoa

27 févr. 2018

Alcoa stock, which is on a bullish trend since August 2016, broke a support and completed a pullback, coinciding with a bounce on the 50 periods EMA. This could be a good opportunity to short the stock betting on a fall that lead the price to the old support/trendline proyection level, around $41.5. Using an stop loss to cover against a potential resistance break is recomended.