Chart of the Day: Will Alcoa Continue Lower?

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Alcoa rallied early last year after the Ukraine war threatened aluminum supplies. It’s struggled since and now some traders may expect further pushes to the downside.

The first pattern on today’s chart is the series of lower highs since August (marked with red arrows). Those may reflect a lack of long-term interest in the name.

Speaking of long-term moves, the …

For more, please click here to view the related idea and chart analysis on TradingView.

Alcoa (AA), daily chart with selected patterns and indicators, courtesy of TradingView.
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