[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
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?
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
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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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 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.
ALB Targets reached, wave 5 done, New wave up.ALB has been on my list for a long time but i ended up entering pretty late, first at around 70$ which i closed with profit at 100$. My current position i opened at 90$ and am planning to add on at rebounds of the current wave up. Starting like always with a 3rd of a position at 122$, half a position at 119$ and a full position at 115$