Technical Analysis – Alcoa stock exits from ascending triangle; lacks direction

Alcoa stock is heading lower and seems to be exiting the squeezed Bollinger band channel and the ascending triangle formation, falling below the 19.48 support. The triangle had been holding since July 2017 when it started the sideline move. From a technical viewpoint, the MACD is losing momentum below its red signal line and the RSI is still hovering […]