Alcoa earnings, page-10

If we see a close above 1.45, will buy in and expect to go higher. For now, the price action looks weak, the market knows something we don't, otherwise it would have closed at the high of yesterday.

The fact that the number of short positions is relatively lower means that there's plenty of scope to see an increase in short positions like we did see in Q1.

Time will tell. I hate losing money so will just watch this one for now until we get clearer confirmation of a safe entry with upside risk/reward potential.