Strategy and trading analysis on shares of the company Alcoa 11-18-2016 by AzaForex forex broker, for tips and tips on stock market you need read this

Simple stock trading tips and strategies.
Shares of Alcoa steel company recently soared skyward with a strong gap in the stock market. In the previous trading strategy our analytics have recommended traders to open short positions, at a time when the price was filling the gap in a downward motion. Together with our investors we have earned good money on this short-term speculative trades. But now the situation began to change, company has apparently good reasons to raise its capitalization again. Share price was able to recover all the lost ground during the rollback, and again returned to the maximum, in which it was immediately after the gap. This is a serious bid for victory. Not all stocks are able to recover after such a gap and still return to their original, won positions. Thus, we clearly see that the shares are ready to quick start in growth immediately after breaking the support level of 32.15. There is no obstacle that could somehow affect the upward trend. Given that the previously sharp change in prices was more than 2000 points, our goal of 335 points may seem just a trifle. If there are such sharp gallop seen on the chart, it means that very big investment funds come into the playground, which may have inside information about the state of affairs within the company. We will not look for these reasons, but merely earn more on price changes of the company. The main thing is to go along with the market, and not against it.

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 32.15
•    The level of profit and close the position: 35.50 (335 pips)

Precious metal GOLD
Possible bearish movement in the breakdown of the support level 1202

Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2350

Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 1.0110

Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 111.00