Alcoa Stocks are Ready to Lift Off
American aluminum giant Alcoa (AA) consolidated in the range of $23.0-$26.00 per share during October-December 2023, creating a robust launchpad for potential growth. This consolidation appears to include an accumulation period where bulls are solidifying their positions. Subsequently, prices soared to $35.00 per share. Now, it seems that bulls have taken a pause to continue accumulating Alcoa stocks below $28.50. If this resistance is overcome, the Alcoa rocket could lift off to $35.00-$40.00 per share. I find buying its stocks at current levels around $28.50 appealing. Let’s join the ride!
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