Reviewing a longer term chart of Alcoa, it's hard to miss the cyclical nature of this stock. Regularly hitting cycle lows in March each two years. Stochastics still falling and a closer analysis indicates that there will be one more leg down. However, now is the time to put this one on your radar.
I have already taken a position but had sold January calls to generate some income while I am waiting for this to bottom. Think that with inflation not backing down, this one is going to be a big winner for the next two years. Notice that the tops are pretty regular as well.
I have already taken a position but had sold January calls to generate some income while I am waiting for this to bottom. Think that with inflation not backing down, this one is going to be a big winner for the next two years. Notice that the tops are pretty regular as well.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.