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Short

ALB approaching resistance, potential drop!

NYSE:ALB   ALBEMARLE CORP
ALB is approaching our first resistance at 94.83 (horizontal overlap resistance, 100% extension, 61.8% fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 83.76 (horizontal pullback support, 50% fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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Well picked.
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