Aug. 19 at 8:32 PM
$AA | Alcoa Corporation | Basic Materials ⛏️
Bulls battling to lock in a structural breakout on
$AA as price retests macro descending trendline resistance right at
$51.34! 📈 Buyers holding firm directly at the multi-month wedge apex convergence above
$48.31 demand ⚡
Fundamentals: Global metals titan capturing expanding industrial demand across automotive, aerospace, and renewable energy supply chains.
Technicals: 8h chart printing a pivotal trendline apex retest and volume node reclaim holding firm above baseline support 🎯 Reclaiming
$54.77 clears overhead friction for an expansion push toward
$60.69 and
$75.00 supply targets.
Bull Key Levels:
$51.34 🐂 🔥 | Confirm:
$54.77 🐂 🚀 | Extension:
$60.69 🐂 💥
Bear Key Levels:
$48.31 🐻 ⚠️ | Confirm:
$41.80 🐻 📉 | Extension:
$30.10 🐻 🚨
Stop Loss:
$50.20 🛑
Targets:
$60.69 /
$75.00 💰 🍺
OVERALL: 🐂 BULLISH 🐂
#hovdid
