Alcoa reversed at the support level of $10.00 and for the short term investors a ride towards the $10.86-$11.20 could turn into a profitable transaction, with a good risk/reward ratio.
However, the investors should pay attention to any kind of news related to the Greek debt bailout plan that could reverse the market in a matter of minutes.
Previous analysis: http://markettechnicalview.blogspot.com/2012/02/alcoa-support-at-1000.html
No comments:
Post a Comment