Alcoa $AA is in a bullish trend that started in 2016 when price held support around 20 and started to rally. The daily chart below shows AA rally within a rising channel.Alcoa Daily Chart(click to enlarge)Rising Channel:- The daily chart shows AA's bearish dip from just above 50 to 41 before finding some support last week. - This is quite a correction already, but traders with patience might want to wait until price is closer to 38. - Here, price will meet the rising channel support as well as the 200-day simple moving average. - Also, the RSI will likely be below 30, which would show oversold condition. - From 38, the upside continues to be 50 and possible above. - A break below the 200-day SMA and channel support would signal the end to the 2017 bull run.