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Albemarle Corporation

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ALB trade ideas

Investing in Albemarle (ALB): A Strategic OpportunityAlbemarle (ALB) stock has been decimated recently, but this presents a prime opportunity for savvy investors. If you, like me, believe in the future of lithium and electric vehicles, ALB is a stock you cannot afford to overlook. As a leading lithium producer, Albemarle is integral to the EV revolution. The stock is a key component in many ETFs focused on batteries and lithium, alongside giants like Tesla, BYD, Panasonic, and Samsung. With the growing demand for EVs, Albemarle's pivotal role in the supply chain ensures it is well-positioned for substantial long-term growth. Invest in ALB now to capitalize on the future of sustainable transportation. Trading at 65% below estimate of its fair value Earnings are forecast to grow 55% per year
NYSE:ALBLong
by Maximus20000
3
Falling knife tradePotential bounce at the monthly but I wouldn’t touch this until we break the downtrend on the RSI. I think we are more likely to see a touch of the Naked Point of Control, there’s a lot of volume there around the $65 level and buyers should step in. This is worth keeping an eye on if you’re trying to bottom fish. Just don’t catch the falling knife right now, you don’t want to be the butcher’s block! Lithium prices are being suppressed by the Chinese, it’s hurting Albermarle’s business. There could be a lot more pain to go, be careful.
NYSE:ALB
by NoFOMO_
Lithium SelloffIt's difficult to determine whether or not you're catching a falling knife or buying something at a discount after a steep selloff. Although ALB bulls have been on the wrong side of the market for the last few years, there is no time in the near future where lithium will not be an essential chemical. Plus, on a logged chart, ALB has recently tagged its long-term trendline, now with what appears to be more upside potential than downside for those that can afford to bear the risk.
NYSE:ALB
by thisbemax
ALB falling wedge - short then long?Starting from a weekly timeframe a falling wedge nearly 7 months in the making is observed on ALB charts. Notably the wedge formation appears beside rising momentum, drawing the supposition a price bottom could be forming. Considering trades, the question is whether a breakout is imminent or if the price will break down once more to retest the bottom of the wedge. Drilling down a 4 hour timeframe provides some insight. Has momentum failed to reach overbought, portending a drawdown? It could also be we're waiting for the final push of the current thrust... Overbought on the 4 hour chart could be nice for a couple reasons opportunity for short term short position (buy PUTs) setup to sell PUTs/buy CALLs at the bottom of the wedge, especially if momentum remains in an uptrend on longer duration charts (weekly, monthly) I recently traded the bottom side of a wedge on UNG, could there be a double trade opportunity on ALB? A drop first, then a big push through the top of the wedge?
NYSE:ALBShort
by quickshiftinn
6
Albemarle Corp - ALB end of correctionAlbemarle Corp has been in an Elliott steep ABC correction all the way down from ATH 335 and might have bottomed at 106 forming a cypher like pattern with: AB = .5 of XA, C extended 1.18 of XA & CD retraced .798 of XC, while this is a minor deviation from a classic cypher .786 (due to a wild wick of a red candle on a day when they announced shareholder dilution) What I don’t really like is ATH C point which should be at least 1.272 of XA. Would consider it to be a correction, and not a major downtrend coz out of ABC wave set, Wc has retraced not more than 1.618 of Wa i.e. length is 186 vs 126, hence – it’s a correction and per cypher pattern it should end as the stock observed several minor swings from 106-110 lows to resistance levels of 130-140. 110-112 recently was a demand zone being an upper band of earlier demand zone 90-112 (Sep’20 – Oct’20 candles) To prove the cypher end of CD retracement I looked more broadly at ALB monthly chart. Over decades history it retraced twice: Apr’09 at fibo .854 and Mar’20 (pandemic) .764 meaning historically the stock gives up 75-85 per cent of preceding growth As of March 24 point D also stands at 80 per cent retracement Tactically it is trading within a downward channel. I would consider long once it breaks the resistance line (the upper green line) with a target first somewhere 194
NYSE:ALBLong
by mike_volk