Alcoa: Bullish harami formed at top edge of cloud

Weekly chart shows the down trendline has been broken.
Weekly Impulse allows to go long in the daily time-frame.



Daily chart shows that the break in the down trendline was subsequently confirmed by the crossover within the GMMA long-term group.
GMMA long-term group starting to slope upwards.
Bullish harami formed at top edge of the cloud.
Both price and Lagging Line are above the cloud. (bullish indication)
Conversion Line is above the Base Line. (bullish indication)



Daily Impulse allows to go long.



Bullish harami formed below 10d EMA and oversold stochastic oscillator satisfies the candle pattern filtering.



Bullish harami formed just above $10.
$10 has acted both as classical support and resistance in the past.


Outcome:

Subsequent to the original bullish harami, the following candle did not confirm the bullish pattern.
However, the three candles formed a non-ideal Bullish Stick Sandwich reversal pattern.
17 Feb: Opened LONG at $10.30
27 Feb: Closed at $10.38
Reason for closing: AA is not enjoying strong investor support, as evident from the GMMA long-term group of averages that is not expanding.
Profit $0.08, 0.8%