Leading aluminum producer, Alcoa Corp (NYSE:AA) reported earnings last night that disappointed investors. Today, the stock is trading lower by $1.80 (-9.0%) to $18.37 a share. This equity has been weak on the charts since the start of January. The trend on the larger time-frames has been down so lower share prices are likely before the stock is defended. Trader and investors should now watch the $16.50 level as support. This level is where the stock was defended in August 2019. Should the stock decline into this support area it should be defended again when initially tested.
Bullseye Trading has logged in 18 consecutive winning trades since it began on September 2, 2019! This performance is verified and documented. Check out EVERY trade and get the next right now, click here.