AA upside reclaim with strength in the sector due to windfalls in the industry. Growth in the company is expected as a result of aluminum price hikes. Alcoa is breaching the 20MA once again after bouncing off support on key 50MA & 69.98 support. Re-seen auction puts AA back on track of an upside movement towards a channel from October 2021. MACD cross observed on technicals, RSI at 55, and healthy volume. Analysts reiterated to Buy with new PTs. Price target: 84-89 // ATR: 5.47, Beta: 2.25
wish had seen this before, excellent analysis. Do you think it would make 52 week highs tomorrow or will it just meet resistance and short sellers jump on it?