Stelian
Long

ALB falling wedge breakout

BATS:ALB   ALBEMARLE CORP
212 0 0
A very perfect falling wedge has formed over the passed few weeks and three days ago, the price closed for the first time outside the upper boundary of the falling wedge, indicating a continuation in the upward direction . Today was the first time we saw a full price range that was with a determined direction outside the trendlines, so it is a good place to get in a long position with a target C , expecting about 12% profit. And a stop loss placed on the apex of the falling wedge, just below the $50 psychological support level.
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