Technical analysis update: ALB (27th May 2021)

ALB broke out of its triangle pattern. It prierced above upper bound which is bullish sign. RSI, MACD and Stochastics are also bullish. Our short term price target is 180 USD per share. Our medium price target is 200 USD per share.

Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.

Trade active:

ALB is currently shy 4 USD of our short term price target. There is high chance 180 USD will be reached within following days.

Trade closed: stop reached:

Price retraced back towards stop loss.