Alcoa Corporation quotes continue to move within the growth and upward channel. Moving averages indicate a short-term bullish trend for Alcoa Corporation. Prices moved up from the area between the signal lines, which indicates pressure from buyers of securities. At the time of publication of the forecast, the share price is 31.95. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the area of 24.85. Further, a rebound and continued growth in the value of securities. The potential target of such a movement is the area above the level of 38.05.
Alcoa Corporation Forecast and Analysis for April 2021
An additional signal in favor of the growth of Alcoa Corporation quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the growth option for the price of Alcoa Corporation shares will be a fall and a breakdown of the level of 20.55. This will indicate a breakdown of the support area and a continued fall into the area at the level of 12.55. Expect acceleration of the growth of stocks with the breakdown of the resistance area and closing above 34.05.
Alcoa Corporation Forecast and Analysis for April 2021 suggests the development of a correction and a test of the support area near the level of 24.85. Where can we expect a rebound and an attempt to continue the growth of the pair to the area above the level of 38.05. A test of the trend line on the relative strength index (RSI) will be in favor of raising the currency pair. Cancellation of the growth option for Alcoa Corporation will be a fall and a breakdown of the level of 20.55. This will indicate a breakdown of support and a continued fall in value to the area below the level of 12.55.
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