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Bullish on Alcoa for the medium-term

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Bullish on Alcoa for the medium-term

Introduction

This article was posted on Friday, 19:06, UTC.

On its official website, Alcoa claims to have invented the Aluminum industry in 1888. They are world leaders in Bauxite mining, alumina refining, and Aluminum smelting. The current company was separated from the erstwhile parent company ‘Alcoa Inc’ in November 2016, which was renamed as Arconic Inc.

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We dive deep into the factors that are in favor of Alcoa below.

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Rakesh Upadhyay

Rakesh Upadhyay

Rakesh Upadhyay is a Technical Analyst and Portfolio Consultant for The Summit Group. He has more than a decade of experience as a private trader. His philosophy is to use technical analysis for momentum trading and fundamental analysis for long-term positions. Rakesh likes to keep himself fit by lifting weights and considers himself to be a spiritual person.

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