Break out of the ascending parallel channel This channel top will now likely act as a support for price, as indicated by the double curve Weekly timeframe
Bearish Fundamental - Inflationary macro environment / fear sentiment - Funds Distribution - High PE - Decent PEG - Decent P/FCF - Strong Sector / Industry / Not Leader - Decent earnings - Decent fundamental Technical - Momentum Theory Indicator - H&S formation momentum - Price action formation ( rising wedge ) - Broke upward Trend line and retest...
$ALB Looks to have started a new uptrend with a series of Higher Lows and Higher Highs. It looks to be right at a short-term resistance level. I have an alert just above today’s high which is also in the resistance area. If it can get over and close above 226 – 227 area, I will be looking to go long with a target area around 247. See markups on chart. This may be...
The PEAD projected a Bullish outlook for $ALB after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
ALB is within a strong upward channel on the Weekly chart right now it is testing the upper band A rejection may follow as has been seen in the past, leaving price to return to the 200MA in white Price is still within a strong upward channel and should be treated bullishly
ALB lower high on bigger timeframes and looking bearish on smaller ones as well. we can target 244-229-215 in the next few weeks or so
ALB Made New 6 Months Highs Clean Text Book Base Breakout 5 Month Long Base Heavy Volume coming in last 2 days Price now trading above 200 DMA Previous All Time Highs at 291.48, keep an eye on this level Institutional Ownership: 84% Institutional Transaction Last 3 Months: 3% Measured Target: 325
ALB big gap up before ER has me suspect... also technically it looks like FEB price action is still in a downward channel, and now there is a juicy gap below :) I like the R/R on a short before ER's move. Small size, picked up a few puts. Can also do bear spreads for less risk exposure.
#$ALB At last yesterday broke the right shoulder high. And closed above too. Today i will start a small position hopefully or on Monday depending on open today.
Check my post on $ALB from last week. This gotten better with the action last week. Very nice head and shoulders bottom base on this one.
Albemarle Corporation ( NYSE:ALB ) Sector: Process Industries (Chemicals: Specialty) Market Capitalization: $27.636B Current Price: $235.98 Breakout price: $243.05 Buy Zone (Top/Bottom Range): $231.20-$210.80 Price Target: $263.40-$265.50 (1st), $288.00-$291.50 (2nd) Estimated Duration to Target: 86-90d (1st), 159-166d (2nd) Contract of Interest: $ALB 9/16/22...
$ALB looking like its rounding up the right side of its base while the market is making new lows. Characteristics of TMLs. Starting to look like a head and shoulders bottom. Just need to tighten up below that supply line. Worthy of your watchlist.
Today, an opening gap appeared on the daily chart of Albemarle; as a result, this offers an opportunity for a simple trade setup. We are currently bearish on Albemarle and expect a complete retracement of the opening gap. Therefore, we would like to set a price target for Alb at 198.44 USD. Illustration 1.01 Albemarle opened up almost 7%. Technical analysis...
Long ALB at $203.75. Bought some ALB shares when i opened up the chart today and saw it corrected down around 17%. Kind of knee-jerk reaction. I'm down after close today. Looking for a bounce at open or will ditch the play.
Albemarle Corporation is a fine chemical manufacturing company based in Charlotte, North Carolina. It operates 3 divisions: lithium, bromine specialties and catalysts LOOKs like a good buy just follow the signs