Technical Analysis of STOCKS & COMMODITIES
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A Rectangle & Fan Lines Show Alcoa Running Out of Steam
ARTICLE SYNOPSIS...Over the past two years most publicly traded companies have seen their equity price drop substantially. On the other hand Alcoa (AA) has survived and even thrived in hard times.
ARTICLE SYNOPSIS...The Value Line Index is understudied but one of the broadest measures of the stock market. Right now, it seems to be breaking out of a rectangle.
ARTICLE SYNOPSIS...Texas Industries broke rectangle support for the second time in six months, signaling yet another continuation of the long-term downtrend.