Trend is one of the most important concepts to learn when it comes to trading. Being able to spot trend and act on it to turn a profit is what this business is all about. Once you are able to properly identify which way price is moving, you can begin to see all the opportunities like they’re been laid out in a map of the market.
Today, our stock has a clearly defined trend, what traders are constantly on the lookout for. Alcoa Corp. (AA) has a classic example of an uptrend over the past several weeks, and as you can see in the video, spotting this trend channel clearly outlines just where our opportunities are. While this chart may look bullish, lower prices might actually be in store.
Check it out to find out why!
Learn more about our favorite stocks and setups when you join The Profit Machine. Every week, you will get exclusive access to all things option trading, from the stocks I trade the most to the setups I look for when trading them. The best part, you’ll receive all my trades every step of the learning process, so not only will you get a world-class education, but you’ll also earn while you learn.
Get a jump start on your options education and put yourself in position to win in 2023. Sign up today! Until then…