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ALB approaching resistance, potential drop!

Short
NYSE:ALB   Albemarle Corporation
ALB is approaching our first resistance at 88.88 (horizontal pullback resistance, 50% fibonacci retracement, 100% Fiboancci extension) where a strong drop might occur below this level pushing price down to our major support at 80.67 (50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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