Alcoa Trading Analysis (06/02/2025)
The trend is ascending. The stock is trading in a range between 365 and 135 ЕМАs. The decending wave structures are truncated. The sloping channel of the inner structure and pivot 2 of the main structure are breached. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy on the breach of:36.44.
- Stop-loss at 33.37.
- Price targets at 39.80 and 45.43.
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