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Thursday, March 18

Alcoa Inc double top. Buy at retracement. $AA

Alcoa Inc made a double top today, I sold some when the stock started dropping from $14.8. There would most probably be downward pressure tomorrow. I will be placing a buy order at $14.1

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The FIB 38.1% retracement is at $14.1, I will buy Alcoa at that price.

The Breakout target is no longer valid. I am raising pre-earnings target to $16

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