This manufacturing ticker remains in a strong long-term uptrend, but the stock is experiencing a sharp pullback after recently reaching new highs near $84. The Parabolic SAR has flipped above price, signaling that short-term momentum has shifted to the downside. Despite the recent weakness, the broader trend remains constructive, with price still holding well above key support levels from the spring consolidation.

Alcoa (AA) is showing a key level on this chart. PPO remains positive, indicating that longer-term momentum is still bullish, although the declining histogram suggests that upside momentum is fading. Traders should watch the $70-$72 area for support, as holding this zone could set the stage for the next advance, while a break below it may lead to a deeper correction before the uptrend resumes.

Wishing you the best,

Wendy

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