Albermale is still fightig to stay in upward trendHolding my ALB position right now, but it's fighting really hard with the upward trend.
Direction is right now still questionable, but stil holding...
ALB trade ideas
stagflation play #1forming a new thesis post jobs report & current inflation metrics: I think this economy and most of the world goes into a period of stagflation. Metals mining, hard assets, some chemicals will do okay. The modern version of this will be companies that get off internal combustion. Short in the near term, long after this latest market shakeout.
ALB - breaking downtendstock breaking downtrend. should move higher from here.
Analyst upgrade price of $200. stock should eventfully get there.
Albermale now back to the uptrend?After longer time of sideward move, albermale is still a strategic stock to invest in Lithium and electric cars.
The stock seems now to be stronger again and ready for an upward move.
Albermale must soon decide its possitionUnhappy with my current position, this or next week, albermale must make the decision if it will go further down or follow the long term trend up.
I waiting ... but maybe go out of this position soon. Hold, not long anymore :(
[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 looking a little mixedLooking at ALB, it can be seen it recently broke free of its downtrend set back from Jan but has continued it's momentary downtrend (as shown by the two red lines). As it stands two scenarios I see playing out..
Bullish case: ALB can push through this downtrend line, bounce off it as support and then onto the next challenge of the red resistance band at 160-162.
Bearish case: ALB could either attempt an up move and get rejected, then follow some sort of path down as represented by the red arrows. It could also fall without but I'd expect some attempt at going up before a simple imminent drop off.
I'm long with ALB so in the event the price is rejected, I'd average down if it drops to support of 138-140 zone.
If you not already hold Albermale, than it is a good day to buyI bought ALB some weeks ago and after drawdown, we see again with postiv signal in MACD another entry point with positiv outlook.
Albermale could now be a good buy.
Buying the dipLooks like the selloff is over... at least in the short-term.
I plan to buy in if we close intraday high.
$ALB - lithium is key commodity for EVsChart looks goods for entry here. Note: near-term earnings release. Expect volatility.
The Ski Mask is on......AlbamarleI see a quick drop in price before the continuation of a tested resistance. I really like this company as they are the largest company within the lithium industry which will be in high demand for the auto industry. Going through a covid phase. They should be ok as the financials are still in ok enough shape to me for growth and long term value. I think price bounces off of $160.38 and shooting up towards resistance and above down the line.
What do you think?
$ALB - Bullish trend continuation?$ALB finding support on the current trends linear regression mean as well as on the Fib 23.6 level.
Looking for breakout confirmation with solid daily close roughly above $166.50, as it may fall and retest mean going into earnings.
RSI moving just above 50 and would like to see movement above 55 with breakout of 61.8.
Watching for support at about $161, with stop loss at either $154.50 or $151.50 depending on data as we move to those regions.
Risk reward of approx 2.5.
Not bad at all.
$ALB 4hr/D HBD holding supportPretty easy risk management. Needs to hold this support. Divergence looks good. Would target .618 retrace and leave a little for higher moves.
Long position, enter at $140, target $190wait for correction to end and enter at $140. target is new high at $190
ALB LongR Convergences shown by arrows. Expect strong support / resistance here. Expecting slight pull back - it's overdue..
The new world will be powered by Albemarle1. Albemarle is one of the largest lithium producers in the world. Besides lithium, it also produces bromine and provides refining solutions and chemistry services for pharmaceutical firms. (src : investingews.com)
2. The U.S. ranked 7th with 1.2% of the world’s lithium production. Nevertheless, the U.S. is home to two of the world’s top-producing lithium companies: Albemarle and Livent. (src : Forbes Dec 13, 2020)
3. The global lithium-ion battery market was valued at USD 36.7 billion in 2019 and is projected to hit USD 129.3 billion by 2027, at a CAGR of 18% from 2020 to 2027. (src : Valuates Reports)
