Alcoa Wave Analysis – 7 April 2026

Alcoa: ⬆️ Buy

– Alcoa broke resistance level 68.20

– Likely to rise to resistance level 75.00

Alcoa recently broke the resistance level 68.20 (which is the upper border of the sideways price range inside which the price has been moving from January).

The breakout of the resistance level 68.20 accelerated the active short-term impulse wave 3 of the intermediate impulse wave (5) from February.

Given the strong daily uptrend, Alcoa can be expected rise to the next resistance level 75.00 (target price for the completion of the active impulse wave 3).