Reviewing a longer term chart of Alcoa, it's hard to miss the cyclical nature of this stock. Regularly hitting cycle lows in March each two years. Stochastics still falling and a closer analysis indicates that there will be one more leg down. However, now is the time to put this one on your radar.
I have already taken a position but had sold January calls to generate some income while I am waiting for this to bottom. Think that with inflation not backing down, this one is going to be a big winner for the next two years. Notice that the tops are pretty regular as well.
I have already taken a position but had sold January calls to generate some income while I am waiting for this to bottom. Think that with inflation not backing down, this one is going to be a big winner for the next two years. Notice that the tops are pretty regular as well.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.