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
AMC0 trade ideas
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.
Time to charge the batteries So let’s see Tesla is making more cars we all use battery powered everything, so why are you selling?
ALBWeak fundamental score 56
Top 3 picks for shorting
1. CHTR
2. JNPR
3. ALB
Get short.
divergence.. overbought stochastics
ALB Tech Analysis 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?
Time for this stock to give my portfolio a chargeBatteries Batteries Batteries thats about all you really need to understand
ALB breakout of established baseALB brokeout of its established base today on very large volume. Could this thing push all the way to fill the gap from January?
ALB Detected possible increase in guidance!!!ALB: albemarle corp
2018-08-07 16:15:28
Detected possible increase in guidance
Dow drops once again #25 (ALB)Technical Concept: Support broken becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support)
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I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart in an attempt to impress
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I am End of Day Analyst and Stock Picker, I support myself in Charts, but I not self-proclaimed Technical Analyst Expert
I do not fall into the mistake of comparing and affirm that Technical Analysis is better than Fundamental Analysis .
I am a person without Higher education, and not have math skills.
I am a right brain oriented person and I focus in my strengths, for this reason I use Charts and
I no try to become a Quantitative Trader, since it is a lost cause, in my case.
I dedicated 10 lonely years of deliberate practice and in this process, I eliminated all kind of thoughts.
I open and reset a lot of Demo Accounts for this purpose
I tried and practice with different Markets (Forex, Options and Stocks) with different Time Frames (Intraday, Scalping, Swing/Position).
I tried Mechanical Trading too, But definitely I am Discretionary Analyst or Qualitative, It took me years to know it, and a lot of books.
I've learned by myself, but I do not think I'm smarter than the others, “Ego is a sin”
What I do?
I pick Stocks manually I watch one by one without the use of a Stock Screener
I follow approximately 1300 to 1400 Stocks , with different market cap
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I use a simple method based in Support and Resistance , accompanied with moving averages, and I do a Top down Analysis with multiple time frames
My first view of a Stock is a 10 year Weekly Chart, Then I do a zoom in and I focus in the action of the last 2 or 4 Years, I look my Daily Chart and 4-Hrs Chart too
I understand the concept of Short Selling and spend hours searching this kind of patterns including the weekends.
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I can put ideas in the desk of Professional Traders, the ideas are based in Price Patterns + Price Action,
and they can trade with your own system or set up
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Resistance found on 68.1 Fib RetracementResistance found on 68.1 Fib Retracement and end of 5 wave Elliott Impulse. ALB is off now to find a different trend and to test the %50 Fib Retracement bear resistance
Oversold reversal. Large hammer indicating bottom is inEntry $136.10, Stop 134.49, Target 143.97 $ALB $LIT $TSLA $SQM
ALB: Albamarle Cup and Handle PatternAlbamarle seems to have formed a cup and handle pattern. Trading with a target of $147.43 upon break of $137.75. Both the RSI and MACD are stretched so I am suspecting that the move towards the target will be at a gradual pace I am keeping a tight stop at 133.90.
ALB Targets reached, wave 5 done, New wave up.ALB has been on my list for a long time but i ended up entering pretty late, first at around 70$ 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$
ALB defying gravityLooks extremely overbought and way outside the channel that it had been trading for almost a year.
However; not a seller yet. Plan to watch out for the update on the recent announcement regarding production capacity increase.
investors.albemarle.com
Long Setup on ALB - Look for consolidation and entry around 107.Looking for an entry setup around 107. Choppiness indicates a consolidation may be underway...possibly to 107. Look for support at 107 and an entry setup if this level is held. If the Choppiness indicator moves back above 62, this, along with the price action, may confirm the start of a new trend higher. Looking at a 21 day window for this setup to trigger. Updates to follow. Prior to making a trade, be certain this trade meets your personal risk profile.
ALBThe best view about the long-term picture can tell us the monthly chart. As you can see from mid-2011 to mid-2016 the stock was in the long Range. Broken Range activated further stock growth. Consolidation after the breaking gives us a good signal to buy this stock in the medium and long term trading. Despite the relatively high risk in 10 points, the stock is able to make a profit of at least 20 points. Unless, of course, another factors will take effect
ALBgreat long term bullish trend, just broke a nice symmetrical triangle with good volume and there was a gap so that trapped a lot of sellers and make the stock more strong, we can also see a nice double bottom and just broke its neckline.
Lithium on the RiseLithium is expected to be in higher demand. ALB beat Est. the last two quarters. Rev. and Sales good, Net Inc. is okay but could use some work, and Share holder Equity is strong. Bullish to Neutral until continuation patters develops. Long with about a 12 months time horizon.
I think we are now at the beginning of the correction.I think we are now at the beginning of the correction.
Building MomentumVolume is building, and a bullish engulfing candle was formed, which pushed through resistance. The next test will be the .382 fib area @ 65.18 which has been choppy. See noted on the chart.
I am looking to purchase calls, this stocks PE ratio is below the sectors average.
