AA Alcoa Weekly Chart Overbot Rising Wedge Negative Divergence

AA Alcoa always kicks off earnings season as it will on Monday evening. Negative divergence says the news and/or guidance will not be encoraging. Overbot conditions, rising wedge and negative divergence will spank it down on this weekly basis. The 15.5 gap provides a future target area. Note how AA prefers to use the whole number integer levels as S/R. Lackluster AA news may sour the commodities sector as a whole. We will not have to wait long to find out the result.  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.