ALB produced a excellent and surprising set of results yesterday and upbeat guidance. The only disappointment was a decline in revenue from Lithium sales but that was as a result of factors outside the companies control. ALB has already tested this $73 range once before and bounced, hopefully we see the same and a move towards $93 will ensue. The average price...
Earnings are a crap shoot, but this one looks good financially. Hammered down for no reason....
As usual if we get a pre-earnings pop tomorrow, I'm taking the easy money and running. Report tomorrow after close.
Like many of the miners, things have not been easy recently. Global unrest and trade disputes have made it very difficult for investors to have confidence in future prospects. We believe the skepticism is overdone and ALB is on our long list after the dust settles from today's downgrade to a price which is actually 33% above current levels.
ALB is approaching our first resistance at 94.83 (horizontal overlap resistance, 100% extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 83.76 (horizontal pullback support, 50% fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a...
ALB is approaching our first resistance at 88.88 (horizontal pullback resistance, 50% fibonacci retracement, 100% Fiboancci extension) where a strong drop might occur below this level pushing price down to our major support at 80.67 (50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Just finished my piece on ALB monthly and daily models (eue.tu.ub)
Both Daily & Monthly Models point to a low - optimal buy point - in Q2 2020
brschultz
ALB is approaching our first support at 72.81 (horizontal pullback support, 50% fiboancci retracement, 61.8% fibonacci extnesion) where a strong bounce might occur above this level pushing price up to our major resistance at 90.30 (horizontal pullback resistance, 23.6% fiboancci retracement).
Stochastic (89,5,3) is also approaching support and seeing a bullish...
Prediction that if ALB beats the support line it will jump maybe 40 cents past that line, definetley selling there, if it doesnt then i will be selling around $106.40's. any suggestions for a good target on the sale price also any suggestions or analysis in general?
