Stelian
Long

Albemarle Corp. symmetrical triangle

BATS:ALB   ALBEMARLE CORP
244 0 0
After I published the formed wedge pattern of the ALB 2-3 weeks ago. (
ALB falling wedge breakout
)
Now the price seems to be going as forecasted and an opportunity for a short term long position has arised again.

The price has entered a consolidation period in the past week and it has formed a symmerical triangle (shaded in red).

By Bulkowski's conditions I have outlined the short term target of the traiangle (c) and the potetntial stop loss that I would place. All this in the of an upward breakout, which is the more probable situation here.

I still continue to be bullish on this security for the long term as well.

Thanks.
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