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Rogue_Analyst

Short Alcoa

Short
Alcoa Corporation (NYSE:AA)  
Rogue_Analyst  
NYSE:AA   Alcoa Corporation
alcoa mining Metals
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alcoa mining metals
Metals & Mining have been underperforming the S&P since August as commodity markets sold off.
Alcoa has now entered a downtrend after reaching a double top at 2011 highs near 17 a share.
The Bearish divergence between price and MACD also suggests more downside in the new confirmed downtrend.

Initial target: 38.2% Fibo retracement at $14 a share

Idées en relation

Rogue_Analyst
Short Metals & Mining
Clause de non-responsabilité

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