ALB Close to a breakout7 Month long ascending triangle
Volume picking up
Decent uptrend
Earnings coming up
Pays out dividend as well
ALB
Technical analysis update: ALB (27th May 2021)ALB broke out of its triangle pattern. It prierced above upper bound which is bullish sign. RSI, MACD and Stochastics are also bullish. Our short term price target is 180 USD per share. Our medium price target is 200 USD per share.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
[45%] (SHORT) ALBAlbemarle is the industry leader in lithium and lithium derivatives, one of the highest growth markets in the specialty chemicals industry. Our unique natural resource position, derivatization capabilities, and technology leadership allow Albemarle to execute an aggressive growth strategy for this business.
ALB. Long on Pullback. 105 to 138$Monthly
Strong Uptrend
Weekly
Uptrend
Daily
Too loate to open long.
Then wait for strong correction - pullback.
Open 105
TP 138
SL 90
ALB long ideaWith Lithium producers steadily climbing I bought ALB this morning. Price is above the supporting MAs and moving higher. Should reach new highs over $100. I bought LAC months ago and LTHM last week. Lithium for electric car batteries.
Lithium ProducerAs production slows, and new projects are extended out to 2021 and 2022, is now the time to go long lithium?
Try out analysis looking for feed back on ALBAny comment , advice insight would be helpful to help me get better, came to the conclusion that the current support that was reach would not be breached and that the action would consolidate on his rise to the previous top still holding , macd looks good with the recent cross RSi shows good sign of a positive growth pattern?
Lithium still a good bet in 2020?Lithium ETF LIT, much like the rest of the market has been hit significantly due to the coronavirus. BUT relative to the S&P 500,it appears to be holding up just fine.
ALB From Insider Monkey :Albemarle Corporation (NYSE:ALB) has seen an increase in hedge fund sentiment recently. ALB was in 23 hedge funds' portfolios at the end of the fourth quarter of 2019. There were 18 hedge funds in our database with ALB holdings at the end of the previous quarter. Our calculations also showed that ALB isn't among the 30 most popular stocks among hedge funds (click for Q4 rankings and see the video at the end of this article for Q3 rankings).
I am long GALXF & LLKKF for the same reason, I believe the Lithium market is heading for a massive bull market 2021 and forward. ALB is a juggernaut but there is plenty of demand for lithium batteries for many other companies and LLKKF is my pick could be the same price as ALB one day
Long beetween $64 and $67 target $95 and up, extremely robust business, strong history, continual innovation into new markets - namely Lithium
downside risk is broader market selloff, which can move price to $60 and under
LONG ALBExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Lithium Dividend in America!Wait for entry around 58-60, but longing on spot right now isn't a terrible entry either
target will be $100
ALB SELL 05.10.2019SELL signal at 66.32$.
Albemarle Corporation (ALB) is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. It is one of the biggest Lithium mining company in the world.
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The signals rare but useful.
Chemical Ind. siren song: Nasdaq 100 v. DD, LYB, EMN, ALB, HUNThese large Chemical Industry companies have also been singing their siren song for over a year (at least from the beginning of 2018), as they did prior to 2015, and in early 2007: Nasdaq 100 vs. DD, LYB, EMN, ALB, HUN
Price Action Reflects Favorable Fundamentals Of Albemarle
Bottoming price pattern indicates bearishness has ended.
The bullish Pivot Stack shows an upward bias.
A new Monthly Pivot Range provides a higher price level of support.
In addition to the positive fundamental news that has come out recently on Albermarle, the price shows convincing evidence that the bottom is in for the time being. The bounce off the June 3rd low of 63.10, shows the price exhaustion from sellers gave way to an opportunity for value seekers to step in.
A classic 1-2-3 setup is in place for a rally from here. Off the June 3rd price bounce a strong push to the swing high of 73.94 on June 12, gives us a clear indication of the coming setup. Next, comes the June 21 retracement level to 67.25 and subsequent mixed to higher price action.
What provides further technical evidence that the price will hold support is the bullish bias of the Pivot Stack. This new term in the technical realm is not yet known, but allow me to share.
The Pivot Stack is made up of 3 pivot ranges, the Daily, Weekly and Monthly. When they converge on one side of the price bar and compress to a narrow range, this is called the Pivot Stack which shows on July 1 (see chart).
Using multiple pivot ranges in combination, helps us to identify significant support and resistance and the directional bias of the stock.
At the beginning of a new period, Daily, Weekly and Monthly, the new corresponding pivot range will display on the chart. In this case, on July 1, we see the new Monthly Pivot (black circles) displaying at a higher level than the previous month, overlayed with the Daily Pivot Range (magenta/blue circles) and the Weekly Pivot Range (red/orange circles).
The timing of the Monthly Pivot Range (black/dark green circles) is the real impetus to the Pivot Stack coming into completion. The importance of the higher long term support of the Monthly Pivot, merging with the Daily and Weekly Pivots confirms the Pivot Stack.
With the Pivot Stack setup, the current bias is bullish and the probability of a renewed upward move is significant enough to take action. The tightly compressed series of pivot ranges is the ideal time to go long ALB, confirmed with favorable value and fundamentals in place.
ALB approaching resistance, potential drop! 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 corresponding drop in price.
ALB approaching resistance, potential drop! 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.
ALB - ABLEMARLE Lithium Play - Bottoms Q2 2020 ~ brschultzJust 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 Approaching Support, Potential Bounce!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 divergence where we might see a corresponding bounce in price.
