Heikin-Ashi and Alcoa (AA $AA)

July 4, 2012

Three time frames are better than one.

Alcoa looks bullish here. The consolidation is obvious on the daily and weekly charts but the short-term advance is capped beneath haDelta resistance. Best is to wait for a pullback on the daily chart and a bullish crossover haDelta :: SMA(3).

 

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