1ALB trade ideas
Lithium on the RiseLithium is expected to be in higher demand. ALB beat Est. the last two quarters. Rev. and Sales good, Net Inc. is okay but could use some work, and Share holder Equity is strong. Bullish to Neutral until continuation patters develops. Long with about a 12 months time horizon.
I think we are now at the beginning of the correction.I think we are now at the beginning of the correction.
Building MomentumVolume is building, and a bullish engulfing candle was formed, which pushed through resistance. The next test will be the .382 fib area @ 65.18 which has been choppy. See noted on the chart.
I am looking to purchase calls, this stocks PE ratio is below the sectors average.
I hope to see on the chart of what we see under it.I hope to see on the chart of what we see under it.
To resist the top border of a trend we must add significant increasing volume and immense rad maribuzo candle.
