Alcoa Inc Buy Confirmed

Alcoa Inc AA has a bull trend that is confirmed today when it broke key resistance at $13.60

Tomorrow, Alcoa Inc will face another resistance at $13.90 and it looks set to be broken.

Another bullish factor is that the option max pain for Alcoa Inc is currently $15. Read more about option pain for this. Basically, option pain indicates where the stock would want to hover near its expiration date. This is because the option market is a zero sum game. This gives more strength to support Alcoa Inc bull rally to $14.80 which is our first target level.

Aluminum price is now higher than November level at 95cts. I expect Alcoa inc to show really strong bull power tomorrow.

Investment buy confirmed. Keep holding all your Alcoa shares that you have bought at $12.9 and $13.15

Day trading ideas: Alcoa Inc AA buy $13.70 to $14.20

Break out will most likely occur with a swing trade target of $14.80.

See how Alcoa Inc AA bounced off the 200SMA and it closed above the 20SMA today. Very bullish.

The candle is also a bullish one a hammer waiting to pound that resistance level.

Confirmed BUY Alcoa Inc