Albemarle LongThis stock ,this company has great earnings , very high ESG now testing the 200 MA on the monthly chart , a good opportunity to buy , at least 200% profit in 2-3 years.
ALB trade ideas
ALB - Congratulations if you got in today below $110!! I added more to my long term account and I believe we hit hard support today at $107.67! I have a hard stop at $100 and my targets are on the chart. We've hit the bottom of this Marathon Descending Triangle .. AGAIN and it should be time for blast off. Happy Trading..
ALB falling wedge - short then long?Starting from a weekly timeframe a falling wedge nearly 7 months in the making is observed on ALB charts. Notably the wedge formation appears beside rising momentum, drawing the supposition a price bottom could be forming.
Considering trades, the question is whether a breakout is imminent or if the price will break down once more to retest the bottom of the wedge. Drilling down a 4 hour timeframe provides some insight. Has momentum failed to reach overbought, portending a drawdown? It could also be we're waiting for the final push of the current thrust...
Overbought on the 4 hour chart could be nice for a couple reasons
opportunity for short term short position (buy PUTs)
setup to sell PUTs/buy CALLs at the bottom of the wedge, especially if momentum remains in an uptrend on longer duration charts (weekly, monthly)
I recently traded the bottom side of a wedge on UNG, could there be a double trade opportunity on ALB? A drop first, then a big push through the top of the wedge?
Albemarle Corp - ALB end of correctionAlbemarle Corp has been in an Elliott steep ABC correction all the way down from ATH 335 and might have bottomed at 106 forming a cypher like pattern with:
AB = .5 of XA,
C extended 1.18 of XA &
CD retraced .798 of XC, while this is a minor deviation from a classic cypher .786 (due to a wild wick of a red candle on a day when they announced shareholder dilution) What I don’t really like is ATH C point which should be at least 1.272 of XA.
Would consider it to be a correction, and not a major downtrend coz out of ABC wave set, Wc has retraced not more than 1.618 of Wa i.e. length is 186 vs 126, hence – it’s a correction and per cypher pattern it should end as the stock observed several minor swings from 106-110 lows to resistance levels of 130-140.
110-112 recently was a demand zone being an upper band of earlier demand zone 90-112 (Sep’20 – Oct’20 candles)
To prove the cypher end of CD retracement I looked more broadly at ALB monthly chart. Over decades history it retraced twice: Apr’09 at fibo .854 and Mar’20 (pandemic) .764 meaning historically the stock gives up 75-85 per cent of preceding growth
As of March 24 point D also stands at 80 per cent retracement
Tactically it is trading within a downward channel. I would consider long once it breaks the resistance line (the upper green line) with a target first somewhere 194
ALB - Looking massive, ready for a big move?NYSE:ALB retracing inside the 0.786 and 0.709 zone from it's ATH, price doing accumulation and seemly on the search of change of trend. Massive bullish divergences on the RSI. Price currently inside and over a huge demand zone and touching exactly over the 200 EMA on monthly chart. RSI looks oversold.
Huge fundamentals on this company.
ALB - Bullish IdeaAfter finding its base, ALB is now ready to push for higher levels. 142-143 is next. Good luck
ALB is looking attractive Ideal Entry would be 115.5 to 110.
Low Risk Profit Target would be 132.
Not financial advice, Invest at your own risk.
ALB Has Bottomed All indicators point to bottom. 5th wave completed, MACD divergence, double bottom, price climbed above 50 days MA. Plus Lithium price stabilized at multi- years low.
$ALB #Albemarle Corp.NYSE:ALB NYSE:SQM NYSE:LAC AMEX:LIT
In the midst of takeoff... the electric sector is gracefully spreading its wings. 🚀 #ElectricRevolution #SustainableFuture
Looks like another reversal areaSome of the Lithium stocks made a bullish move last week and looks like this one wants to follow its peers.
Plenty of resistance here.
ALB Albemarle Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ALB Albemarle Corporation prior to the earnings report this week,
I would consider purchasing the 110usd strike price Puts with
an expiration date of 2024-2-16,
for a premium of approximately $3.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Probably it`s the last dip before the reversal.
Triple Bottom?Looking at a triple bottom to stop the down trend or a absolute melt down towards covid bottom 50% lower
One of Albemarle's Biggest Drawdowns in HistoryAlbemarle is in the midst of one of its biggest retracements in history. It has only fallen this far from its all time high three times in the last thirty years and has had a massive recovery after each of these dips.
Still fundamentally sound, profitable, and trading at some of its lowest multiples ever, it doesn't get much better than this.
ALB.NYSE Albemarle Corp IH&SAlbemarle 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.
ALB BUY ♻️💲 Buy - 147
✔️ TP - 570
Add at lower levels
A good opportunity and it is in the portfolio of many of the largest shareholders
LithiumLithium stocks have experienced a massive sell-off in the past year because of a slow-down in EV adoption and an increasing supply outweighing the demand for lithium. As a result, the rout in lithium has provided investors with a good opportunity to get into some of the major lithium stocks at a discount.
Albemarle Corporation (ALB) is one of the largest players in the Lithium space and the stock price has seen a massive influx of investors in the past 4 weeks. This shows that the first bottom is at play and the stocks will push higher from their November lows.
However, due to the anticipated economic slowdown, EV sales are not looking promising and the stock is expected to report weaker Q4 earnings.
This is a stock we are looking into adding to our portfolio.
COMPRAR ALBAlbemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia.
-World's largest lithium producer.
-Minimal financial stress.
-USD 10 billion in annual revenues.
-Generates 35% of net profits.
P/B Ratio of Lithium Producer, ALB, Nearing Historical LowAlbemarle has been beaten up throughout most of 2023, sliding over 60% from its historical high. After such a major decline, the Lithium monster's Price-to-book ratio is nearing a level comparable to its major lows in 2008, 2015, and 2020.
For a company that also has a trailing twelve month earnings yield that is at historical highs, such a selloff seems overblown and could be a time for the long-term investors to load up on a company with an otherwise solid outlook.
Tutorial: Range.Buy when the resistance level of the range is broken upwards. The stop is placed below the support level of the range or below the local support level within the range if the support level is near the accumulation level. The minimum target is the size of the range, postponed upward from the point of breaking through the resistance level. This corresponds to retracement levels of 0-50-100%.
Other tutorials:
Consolidation.
Model 3W.
Model "Head and Shoulders".
ALB - basic idea.
ALB WeeklyALB
“Albemarle said Tuesday it has secured a $90 million grant from the US Department of Defense to support the reopening of its lithium mine in Kings Mountain, North Carolina.” (9/12/23)
48.4% upside (finbox models)
4.5% Free cash flow yield (prefer greater than 7%)
Piotroski Score 7 (excellent)
24.1 % return on invested capital (excellent)
consistent earnings beats
PEG ratio .4 (exceptional)
49.38% ROE
Debt to Equity 36.32%
Strategy;
You have a triple bottom at a key pivot area, right on the 50% fib retrace. Gartley, Gann, Wyckoff, and everyone else would tell you this is a good entry area.
$ALB second test 200 EMANYSE:ALB second test 200 EMA
2 months after falling below blue trend line support and show a bearish retest
Time for a reversal on a 2 hour chartokay so observing this chart on a 1 hour or two hour time frame if price action can continue to consolidate with the market its due for a reversal and it looks like its to the upside. Im looking for a price target of 220 and a stop loss of 10%. longterm this stock is a good hold profitable makes money and will be necessary for its lithium segment (ev).
this happened before and the price went back up rather quickly so depending on the news coming out the feds keep a close eye on this one for sure
Yields high return on invested capital
Strong earnings should allow management to continue dividend payments
Analysts anticipate sales growth in the current year
RSI suggests the stock is in oversold territory
Low earnings quality, with free cash flow trailing net income
Stock price movements are quite volatile
Cash flows can sufficiently cover interest payment
