Long

ALB.NYSE Albemarle Corp IH&S

Updated

Albemarle could be printing an Inverse Head & Shoulder pattern as seen on the Chart.
While this is early, positive trend signals that it might complete this formation.
As we know, this pattern is a Bullish signal for more possible Upside to come.
Smash the Rocket Boost Button should you appreciate my Chart Study.
Regards Graham.

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OOPS Kwadoonk.

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Study is still in play. Will have to wait and see.

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RHS did not complete, hence the WAIT note.

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This is a Classic Bull Trap Signal that fools buyers when on the LONGER Time frame the main TREND is Down. Always use a multi time frame study!
I.E 3M 1M 1W etc. Also depends on your strategy of Long Medium Short etc.

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Nice recovery seen in Lithium, was possibly oversold.
Never recommended is to buy into down trending stocks, but I strategically waited to find the Trend Reversal signal to Top up and now up.

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Now in Gain Area. An Example of do not destroy Capital.
So important. A few months Patience was required.

hitchcoxg

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