[ALCOA] Rebound?


Alcoa Corp. engages in the production of bauxite, alumina, and aluminum products. It operates through the following segments: Bauxite, Alumina, and Aluminum. The Bauxite segment represents the company’ global bauxite mining operations. The Alumina segment includes the company’s worldwide refining system, which processes bauxite into alumina. The Aluminum segment combines smelting and casting operations produce primary aluminum. The smelting operations produce molten primary aluminum, which is then formed by the casting operations into either foundry ingot or into value add ingot products, including billet, rod, and slab. The company was founded on July 9, 1886 and is headquartered in Pittsburgh, PA.

Sector: Non-Energy Minerals
Industry: Aluminum
Employees: 14.000

[IT] – Dal punto di vista tecnico, Alcoa potrebbe sviluppare una interessante struttura correttiva nel medio termine, e se vedremo la conferma con il primo rally, potremmo pensare di provare a prendere posizione lunga sul pullback. Se invece innescherà un nuovo bottom, il prossimo target ribassista è intorno a 8.40/9.40

[EN] – From a technical point of view, Alcoa could develop an interesting corrective structure in the medium term, and if we see the confirmation with the first rally, we could think of trying to take a long position on pullback. This strategy is very simple and clear, it tells us “what to watch, entry, target and stop loss”.
Our idea of technical rebound must be confirmed with a first bullish leg (rally), so if this event does not happen, we will not go looking for a long position. If instead there will be a rally, we will wait for pullback (often around 50%/62%) and we will try to take a long position on the completion of the corrective structure (ABC). Stop Loss below the previous low. To complete this strategy, you need to calculate an appropriate size (Money Management)

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