Tuesday, January 12, 2016

AA Chart - 01/12/15

Alcoa stock has lost about 20% of its value in the past few days, but seems to be bouncing off key support at the $8.00 level. If this support hold, the stock officially forms a triple bottom at this level, presenting itself as a great buying opportunity. Investors/traders should keep a tight stop loss at 7.85 or 7.75 just in case the support breaks!