AA daily Sept 22nd

AA daily Sept 22nd

AA (Alcoa Inc), which was added directly as an Active Short Trade a week ago today, has broken below what appears to be a bear flag pattern. Bear flags are continuation patterns with a projected measured move roughly equal to the length of the flagpole (i.e.- the sharp move down from the recent highs leading up to the pattern).

This updated daily chart also lists the suggested buy-to-cover levels, T1 at 15.23 & T2 at 14.05. The suggested target levels on short trades are placed slight above the actual resistance/expected bounce levels in order to minimize missing a fill, should the stock reverse just shy of the actual resistance level.  A link to the live, annotated daily chart of AA may now also be viewed by clicking here.