Alcoa $AA was bullish in 2017 and surged at the end of the year. However, after reading just above $57 in January of 2018, price has been in a correction, and then a sideways consolidation.Alcoa Daily Chart(click to enlarge)Support:- The daily chart shows that price is just holding above the 200-day simple moving average. Generally, this is a bullish sign.- Also note that price has been range-bound between roughly 44.30 and 50.10. As price tested the 44-44.30 area for the 3rd time, the market has been respecting this support.- I think in the short-term there could still be downside pressure and the general uptrend would still be intact. For example, if price falls to $42 and rebounds, AA would still be seen as bullish.- A break below $40 on the other hand would be a major signal of a bearish market. - I think AA has upside back to $50 in April, but if general market sentiment is suppressed, we might see price push to $42 before a rebound towards $50.