Trading ideas for Alcoa Corp. (NYSE)
The support level of 20.40 held back sellers. The stock is trading in the range of 365 and 135 moving averages directed upwards. The Stochastic Oscillator indicator signals oversoldness. Breaking through the resistance level 21.20 will result in the formation of an upward pattern 123.
Trading recommendations:
Buy above 21.20.
Stop Loss below the support level of 20.40.
The target is 23.00.