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Albemarle Corporation

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1ALB trade ideas

Is Albemarle Trying to Break Out?Alternate energy has shown relative strength since the Inflation Reduction Act took effect in August. Lithium provider Albemarle is a potential beneficiary. The first pattern on today’s chart is the trendline running along the highs of November and June. ALB ripped through that line three weeks ago before pulling back. It’s now attempting to bounce at the same area, which could mean old resistance has become new support. Second, consider how the stock made a new 52-week high in late August. It was one of only eight members of the S&P 500 to achieve that feat at the time, according to TradeStation data. Around the same time, ALB’s 50-day simple moving average (SMA) rose above its 200-day SMA -- a potentially bullish “golden cross.” Next, the series of higher lows since March may reflect accumulation by longer-term investors. This longer-term trend is also visible in basing patterns on the weekly chart below. Finally, the most recent pullback dragged ALB’s stochastic oscillator into an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:ALB
by TradeStation
WATCH $ALBBearish 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 previous high forming double tops - Price below 200MA - High volume node at peak - Potential cup and handle formation Entry idea - Entry idea was based on few confluences - Break of neckline and retest - Momentum broke neckline Stop loss depending on entry and risk appetite. But always set meaningful stops. "the distance between dreams and reality is called action" Cheers and happy trading!
NYSE:ALBShort
by nexxtrade
Albemarle - Swing trade opportunityToday, 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 - daily time frame RSI and Stochastic turned bullish. DM+ and DM- performed bullish crossover. However, we think these are false bullish signals. We conclude this from a low ADX value. The daily time frame is deceptive. Illustration 1.02 The picture above shows the short-trade setup. Technical analysis - weekly time frame RSI, MACD, and Stochastic are all bearish. DM+ and DM- perform whipsaws, and ADX contains a low value. That indicates the presence of a very weak trend. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NYSE:ALBShort
by Tradersweekly
5
Albemarle (ALB) Is Currently At 205; Wait For Retracement At 215Last week I suggested shorting Albemarle (ALB) if it pushed through the many levels of support and closed below 215 in price. Technical analysis in the form of chart patterns like descending triangles, double tops, multiple downward spikes, an increase in volume on the uptrend, and the Fibonacci retracement along with a close below a long-term upward trendline suggested that it was poised to fall. We couldn’t for sure confirm that it was in a downtrend because it had not yet been established with the 1-2-3 method. There was also a large head and shoulders pattern that was not confirmed. However, closing at 211 (price) on the 24th of January confirmed this pattern. Your profits would have been massive if you had jumped in short 215 as I suggested and placed a tight stop just above one of my resistance levels (between 216 and 219). A bailout when the price reached its floor of 196, anything between 4.5 and a 9 to 1. Take into consideration that all the confluence pointed to a massive drop, and in these situations, I like to keep my stop-loss tight to maximize profit-taking. It is risky, and there is a chance you may get stopped out, but that occurs with every trade. I was spot on in this scenario, and a 9 to 1 win is a pretty sweet deal. Now, if you missed the trade and are kicking yourself (and you should be), don’t worry because the retracement is in progress. Using the Fibonacci retracement again, we can see that the 38% level is at 215, exactly right up against all those resistance (former support levels) levels. It is highly unlikely that Albemarle (ALB) is going to recover from this price drop in the next couple of days. We can now be on the lookout for a symmetrical triangle (created by the new low at 196) and a possible channel establishing the downtrend further. If you are brave enough, you can put in a limit at 215 and place your stop-loss at 216. If prices drops to 196, your profits will be 19 to 1. Remember that besides having all the resistance at 215, 215 is a round number where many traders are possibly holding their position. This means that price will most likely find it difficult to move higher. This also means that the price may not hit 215 because of the number of traders who have shorted there, so it's better to get in at 214. A healthier (and smarter) trade would be to put your limit in at the Fibonacci retracement level of 38% (price 215) and put your stop-loss above the 50% Fibonacci level (price 221). This will give you ample stoppage room and space for the trade to breathe when it attempts to retrace to its highs. This will prove difficult because of all the resistance in its way, though. Take into consideration that price may push to the Fibonacci 50% or 62% levels because of the channel forming before the drop continues.
CAPITALCOM:ALBShort
by DevlonJarrodHorne
Look To Short Albemarle (ALB) Stock If Price Falls Below 215CAPITALCOM:ALBES Daily Timeframe Position Albemarle (ALB) may be nearing the end of its uptrend since late March 2020. A long-term Trend Line from the valley in March moves upward against corresponding valleys signifying the uptrend (weekly timeframe). For the first time price has now dropped and closed below the trendline. Although it has closed below the Trend Line, and that may signal that it is not in an uptrend anymore, we have not yet confirmed that it is in a downtrend. To decipher this, we use the 1-2-3 trend change method. 1 - This is where the price has closed below the trendline 2 - There is a retracement and a retest of the high that fails 3 - A close below the closest valley to the breakout (However, this has not happened yet). If the price pushes past 215 and closes, then this is another signal that a downtrend is impending Another short signal is the Double Top that has formed, which is compounded by strong selling (as you can see by the long shadows of the candles at the price range of 244). This Double Top has also been confirmed as we have a close below the valley between the two peaks (shown with the white dot). Yet another signal is the Fibonacci retracement that shows a pullback at 50%. We can see that price is hovering at a number of Support regions, including a Descending Triangle and Support at 215, which incidentally is also a round number. There is also Support Line formed for 215 from a smaller descending triangle to the left between September and October. If the price breaks 215, we can most probably expect a sharp drop until resistance is reached at 185 provided by the Support line of the Broadening Formation. 185 is also coincidentally 15% away from the breakout price. Placing your entry at 214 (past Support at 215) and taking profits at 185 will give you a 5.5 to 1, which is not bad at all. This is only if you place your stop relatively close to the Support that is keeping this price afloat, say at approximately 216/17. Consider taking profits rather at 194 just before the tiny bit of price congestion that appears in that Broadening Formation to the left. Price will most probably stall here and start to retrace, but you will be guaranteed a 3.5 to 1 . If done correctly, you can get out at this point, wait for the Fibonacci retracement at 62%, and short again if you see price is dropping further. If you are thinking of riding the downtrend, then placing your Stop loss at the 62% retracement from the valley peak when it starts to retrace is your best bet.
CAPITALCOM:ALBShort
by DevlonJarrodHorne