AA Alcoa weekly chart shows price coming up to fill that gap at 17-ish. This recent price jump is forming a right shoulder and also satisfying the RSI that wanted price to come back up one more time. Price should roll back over at any time resuming the downward trend posting lower lows and lower highs moving forward. After the 15.5 neckline of the pink H&S is broken, the 13.0-13.5 area will be targeted. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.