Potential SHORT ALCOA STOCK AS DOUBLE TOP FORMED!

17 июл. 2020 г.

Double Top has formed for ALCOA CORPORATION which gives us signal to SHORT. However, if the price breaks the resistance level 14.00, upside movement will most likely to happen. To note, the current price is currently on the lowest pivot point, it might also gives us signal that V-shape recovery would likely to happen if the stock price rallies to go up.

Key Trading Plan:

i) SHORT from the current price to the Take Profit Target at 6.57.

ii) LONG if the price breaks the resistance 14.00 with the Take Profit Target of 21.00

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