Ntandotrader
Short

ALB Short

NYSE:ALB   ALBEMARLE CORP
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2
66 4
ALB possibly going lower, bearish continuation triangle.
How low you think it may go? In fact the supportive line is increasing.
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Ntandotrader Chester_PL
@Chester_PL, Hi Chester. Im looking for this to possibly go down to the $73 mark/area.
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Chester_PL Ntandotrader
@Ntandotrader, Well, it's really low. It seems that on the way there is a quite strong support at $85-86 area, so for sure I will jump with one long position at those levels. Also, there is ER coming out on August 7 which I believe will be positive. Are you shorting or waiting for a good buy in at $73 level? Good luck and thanks for sharing.
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Ntandotrader Chester_PL
@Chester_PL, Hey Chester, must admit I missed the support @ around the $86 support/resistance area. I guess it's always good to have a second pair of eyes, definitely an area to shave off some profits. I still believe it can go lower than that though.
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