Alcoa shares traded yesterday close to the $10.00 support level, continuing though the few days of correction.
The medium trend still proves to be bullish as the price broke above T1 descending trend line. The first target is in the $11.20-$11.60 area and the $10.00-$10.30 area could turn out to be very profitable for the eventual buyers.
You can see the previous analysis of Alcoa here: http://markettechnicalview.blogspot.com/2012/01/alcoa-share-price-seems-cheap-for-how.html .
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