Economic news was not so pretty but not bad as well.
If you have bought Alcoa Inc AA on the support line, $12.60 on Friday, then you are safe to play this until $14.80.
The bullish hammer shows great bullish strength.
We should be expecting more short squeezing as this stock has been severely oversold.
However, metals continue to be weak, thus I will stay away from metals for now and invest in other sectors like gaming.
Mining companies like Rio Tinto are advancing 1% in Aussie trade.
Alcoa Inc AA day trading suggestion.
BUY $13.2 – SELL $14.8
70% accuracy
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