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ALCOA INC
(AA-NYSE):
Technical Viewpoint: From a low
of $69.06 on Dec 21, 1998 prices
rallied, reaching a
high of $90 1/8
on Jan 11, 1999. A
decline saw prices pull back, reaching a
low of
$81 1/8 on Jan 22, 1999.
Another rally saw prices penetrate
resistance, closing 2/5/99
at $89 1/2. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 5, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $83.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 4, 1999. A P&F upside
reversal takes place at $86 1/4. Summary: Technical indicators have turned bullish. BUY! ALCOA INC
(AA-NYSE) @ $90 1/4 Stop: Use a protective stop of $87 5/8.
ALCOA INC is currently trading @ $89 1/2 plus $2.81 on Feb 7, 1999. Price Objective:
$100 5/8. Risk/Reward: $2 5/8 VS. $10 3/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$100 5/8
Risk/Reward:
$2 5/8 VS. $10 3/8
Risk/Reward Ratio:
4:1
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