Alcoa Inc Chart Strength Is Every Investors Profit Dream

Alcoa Inc (NYSE:AA) has been in a slow and steady price decline for two full months. Most avearge minded investors would think a slow decline is bearish but it actually shows bullish consolidation and accumulation. Often times these are institutions slowly accumulating as small investors get frustrated and sell. What impresses top pro traders and investors the most is the lack of downside Alcoa has seen since commodities have collapsed in recent days. It is simply continuing to create one of the most bullish chart patterns on Wall Street. The more relative strength it shows and the longer it bases with bullish consolidation, the more likely upside action will be big. The chart dictates that upside could begin at any time with a max upside target to $12.50. This is a 25% increase in price from current levels. When the bull flag starts to break out to the upside, it will happen quickly. This upside to target could be seen in less than a month.