Alcoa Inc
Alcoa Inc formed a bullish hammer today. Hopefully, Alcoa will breakout tomorrow. The DOW has risen to its high, and ALCOA INC is the DOG of the DOW. There should be rebalancing by portfolio managers soon. They should start covering their short positions in Alcoa Inc and short another stock at its peak instead.
This is bottom fishing. Alcoa is at its bottom now. Fund managers will realize it real soon. The 20SMA is going so close to the 50SMA. A breakout is going to be imminent and really strong this time. It failed 4 times at $13.90.
Alcoa Cant wait to breakout. The videos tell us why.
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