Fomenka

Another bottom picking opportunity with Albemarle

Long
NYSE:ALB   Albemarle Corporation
The company with very strong fundamentals simplywall.st/stocks...s/nyse-alb/albemarle
Trading at more than 50% discount to estimated cashflow. This company also can be an investment opportunity.

There is a possibility of downside as I described on M chart. In this case, I will buy the stock again after being stopped out.

I am comfortable with risking 0.3% of capital on this trade. Stock exposure is 2.6% and if successful I will make 30-35% capital return on this stock in one year. If the stock declines further the probability for bottoming out in the next few years increases.

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