- Alcoa broke resistance level 68.20
- Likely to rise to resistance level 75.00
Alcoa recently broke the resistance level 68.20 (which is the upper border of the sideways price range inside which the price has been moving from January).
The breakout of the resistance level 68.20 accelerated the active short-term impulse wave 3 of the intermediate impulse wave (5) from February.
Given the strong daily uptrend, Alcoa can be expected rise to the next resistance level 75.00 (target price for the completion of the active impulse wave 3).
- Likely to rise to resistance level 75.00
Alcoa recently broke the resistance level 68.20 (which is the upper border of the sideways price range inside which the price has been moving from January).
The breakout of the resistance level 68.20 accelerated the active short-term impulse wave 3 of the intermediate impulse wave (5) from February.
Given the strong daily uptrend, Alcoa can be expected rise to the next resistance level 75.00 (target price for the completion of the active impulse wave 3).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.