Jan. 31 at 9:47 PM
$AA is testing the conviction of the "Reconstruction Trade"! 🏗️🔋
After a massive 62% gain over the last year, Alcoa is pulling back from its
$67 peak to find a floor at
$56. Despite the 6% daily slide, the Q4 earnings beat (
$1.26 vs
$0.99) and
$1.6B cash pile prove the fundamental engine is still roaring. Watch for the
$53-56 gap fill. 🐳🛡️
🐂 Bulls: Must hold
$53.14 (Dec close) to confirm the "healthy correction" and target a return to
$78.
🐻 Bears: Looking for a break below
$50 to signal a long-term trend reversal.
Confirming level:
$60.65 (Previous support-turned-resistance)
#AA #Alcoa #Aluminum #Commodities #hovdid
