Is ALB stock ready for a major rebound after a long decline?
Is ALB stock ready for a major rebound after a long decline?
ALB's stock price has rebounded from a long-term upward trend near 71.65 after nearly two years of decline. Recent price rejection during the current quarter suggests a potential bottoming. ALB is facing resistance in the 107–110 zone, while support lies between 79 and 85. Although the stock remains within its broader downward trend, the reversal pattern forming this quarter could shift the momentum. However, if the stock fails to hold key levels at 79 and 71.65, a bullish reversal is unlikely to materialize.
ALB's stock price has rebounded from a long-term upward trend near 71.65 after nearly two years of decline. Recent price rejection during the current quarter suggests a potential bottoming. ALB is facing resistance in the 107–110 zone, while support lies between 79 and 85. Although the stock remains within its broader downward trend, the reversal pattern forming this quarter could shift the momentum. However, if the stock fails to hold key levels at 79 and 71.65, a bullish reversal is unlikely to materialize.
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