ALB is within a strong upward channel on the Weekly chart
right now it is testing the upper band
A rejection may follow as has been seen in the past, leaving price to return to the 200MA in white
Price is still within a strong upward channel and should be treated bullishly
ALB Made New 6 Months Highs
Clean Text Book Base Breakout
5 Month Long Base
Heavy Volume coming in last 2 days
Price now trading above 200 DMA
Previous All Time Highs at 291.48, keep an eye on this level
Institutional Ownership: 84%
Institutional Transaction Last 3 Months: 3%
Measured Target: 325
ALB big gap up before ER has me suspect... also technically it looks like FEB price action is still in a downward channel, and now there is a juicy gap below :)
I like the R/R on a short before ER's move.
Small size, picked up a few puts. Can also do bear spreads for less risk exposure.
#$ALB
At last yesterday broke the right shoulder high. And closed above too.
Today i will start a small position hopefully or on Monday depending on open today.
Price held long term up trend support and also broke the short term down trend! It should probably go back to test the previous high over the next few weeks/months ! Just my opiniom
$ALB looking like its rounding up the right side of its base while the market is making new lows.
Characteristics of TMLs.
Starting to look like a head and shoulders bottom. Just need to tighten up below that supply line.
Worthy of your watchlist.
Today, an opening gap appeared on the daily chart of Albemarle; as a result, this offers an opportunity for a simple trade setup. We are currently bearish on Albemarle and expect a complete retracement of the opening gap. Therefore, we would like to set a price target for Alb at 198.44 USD.
Illustration 1.01
Albemarle opened up almost 7%.
Technical analysis...
Price is now pushing down towards the 160 area level ! If you believe in the electric revolution, Albermale has a great potential due to its Lithium production (electric Batteries)! But just be patient and let the market come to you ! Just my opinion:)
Long ALB at $203.75.
Bought some ALB shares when i opened up the chart today and saw it corrected down around 17%. Kind of knee-jerk reaction. I'm down after close today. Looking for a bounce at open or will ditch the play.
Albemarle Corporation is a fine chemical manufacturing company based in Charlotte, North Carolina. It operates 3 divisions: lithium, bromine specialties and catalysts
LOOKs like a good buy
just follow the signs
If price touches 220 again with rejection, this could be a starting point for another rally to the upside
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Watch for downward cross of moving averages, price finds support at the bottom of the channel and continues to rise from there.
Company is experiencing short term weakness along with broad sectors of the US Economy.
Market has been falling on news of new variant. General skittishness paired with portfolios rebalancing for 2021 year end make for extra selling...
NYSE:ALB
Idea is simple:
Long position when the price breaks out of flag and closes 1h or 4h higher than ($283)
Stop - close if the stock closes 1d lower than $283
Take - if it goes higher, place stop at $283 and watch the show
Feel free to comment / add a feedback
