ALB is showing a cup and handle formation on the daily chart. Price is now testing the $84–$87 resistance zone which aligns with the long-term descending trendline.
A confirmed breakout above this level could trigger a bullish continuation, with a measured move target near $115 (+41%).
📈 Entry: On breakout and daily close above $87
🎯 Target: $115
🔻 Invalidation: Below $75 (handle low)
This setup suggests strong bullish potential if resistance is cleared with volume.
Not financial advice. No responsibility for any actions taken.
A confirmed breakout above this level could trigger a bullish continuation, with a measured move target near $115 (+41%).
📈 Entry: On breakout and daily close above $87
🎯 Target: $115
🔻 Invalidation: Below $75 (handle low)
This setup suggests strong bullish potential if resistance is cleared with volume.
Not financial advice. No responsibility for any actions taken.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.