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Monday, February 1

ALCOA AA FEB 2 Bullish

AA 010210

The main focus of this analysis is the candle formed today. It is a very bullish engulfing candle that broke the high of the previous candle, signalling a strong bullish move.
Look out at that resistance at $13.70 tomorrow. With this strong bullish candle pattern, we should expect a break of that resistance and it should meet major resistance at $14.80

Stay long with Alcoa

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