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Albemarle CorporationAlbemarle CorporationAlbemarle Corporation

Albemarle Corporation

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AMC trade ideas

ALB looking a little mixedLooking at ALB, it can be seen it recently broke free of its downtrend set back from Jan but has continued it's momentary downtrend (as shown by the two red lines). As it stands two scenarios I see playing out.. Bullish case: ALB can push through this downtrend line, bounce off it as support and then onto the next challenge of the red resistance band at 160-162. Bearish case: ALB could either attempt an up move and get rejected, then follow some sort of path down as represented by the red arrows. It could also fall without but I'd expect some attempt at going up before a simple imminent drop off. I'm long with ALB so in the event the price is rejected, I'd average down if it drops to support of 138-140 zone.
NYSE:ALBLong
by Teabo
The Ski Mask is on......AlbamarleI see a quick drop in price before the continuation of a tested resistance. I really like this company as they are the largest company within the lithium industry which will be in high demand for the auto industry. Going through a covid phase. They should be ok as the financials are still in ok enough shape to me for growth and long term value. I think price bounces off of $160.38 and shooting up towards resistance and above down the line. What do you think?
NYSE:ALBLong
by Redimere_91
$ALB - Bullish trend continuation?$ALB finding support on the current trends linear regression mean as well as on the Fib 23.6 level. Looking for breakout confirmation with solid daily close roughly above $166.50, as it may fall and retest mean going into earnings. RSI moving just above 50 and would like to see movement above 55 with breakout of 61.8. Watching for support at about $161, with stop loss at either $154.50 or $151.50 depending on data as we move to those regions. Risk reward of approx 2.5. Not bad at all.
NYSE:ALBLong
by spreck
1
The new world will be powered by Albemarle1. Albemarle is one of the largest lithium producers in the world. Besides lithium, it also produces bromine and provides refining solutions and chemistry services for pharmaceutical firms. (src : investingews.com) 2. The U.S. ranked 7th with 1.2% of the world’s lithium production. Nevertheless, the U.S. is home to two of the world’s top-producing lithium companies: Albemarle and Livent. (src : Forbes Dec 13, 2020) 3. The global lithium-ion battery market was valued at USD 36.7 billion in 2019 and is projected to hit USD 129.3 billion by 2027, at a CAGR of 18% from 2020 to 2027. (src : Valuates Reports)
NYSE:ALB
by Yang358
4