25.02.2016 - Shares of Alcoa can continue to grow in the near future

Price of Alcoa shares continue to rise gradually along the inclined line of support and at the moment are near the level of 9.00, a break through which will become a signal for future growth with the objectives at 10.10 and 11.20. In case of breaking through the inclined support line, quotations will fall to 7.00. We expect growth in the near future, but according to our estimates it will be short and after its completion, the negative dynamics will resume with the potential decrease to 7.00 and 6.20.

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