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ALBEMARLE CORPALBEMARLE CORPALBEMARLE CORP

ALBEMARLE CORP

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AMC trade ideas

Another bottom picking opportunity with AlbemarleThe company with very strong fundamentals simplywall.st Trading at more than 50% discount to estimated cashflow. This company also can be an investment opportunity. There is a possibility of downside as I described on M chart. In this case, I will buy the stock again after being stopped out. I am comfortable with risking 0.3% of capital on this trade. Stock exposure is 2.6% and if successful I will make 30-35% capital return on this stock in one year. If the stock declines further the probability for bottoming out in the next few years increases.
NYSE:ALBLong
by Fomenka
1
Price Action Reflects Favorable Fundamentals Of Albemarle Bottoming price pattern indicates bearishness has ended. The bullish Pivot Stack shows an upward bias. A new Monthly Pivot Range provides a higher price level of support. In addition to the positive fundamental news that has come out recently on Albermarle, the price shows convincing evidence that the bottom is in for the time being. The bounce off the June 3rd low of 63.10, shows the price exhaustion from sellers gave way to an opportunity for value seekers to step in. A classic 1-2-3 setup is in place for a rally from here. Off the June 3rd price bounce a strong push to the swing high of 73.94 on June 12, gives us a clear indication of the coming setup. Next, comes the June 21 retracement level to 67.25 and subsequent mixed to higher price action. What provides further technical evidence that the price will hold support is the bullish bias of the Pivot Stack. This new term in the technical realm is not yet known, but allow me to share. The Pivot Stack is made up of 3 pivot ranges, the Daily, Weekly and Monthly. When they converge on one side of the price bar and compress to a narrow range, this is called the Pivot Stack which shows on July 1 (see chart). Using multiple pivot ranges in combination, helps us to identify significant support and resistance and the directional bias of the stock. At the beginning of a new period, Daily, Weekly and Monthly, the new corresponding pivot range will display on the chart. In this case, on July 1, we see the new Monthly Pivot (black circles) displaying at a higher level than the previous month, overlayed with the Daily Pivot Range (magenta/blue circles) and the Weekly Pivot Range (red/orange circles). The timing of the Monthly Pivot Range (black/dark green circles) is the real impetus to the Pivot Stack coming into completion. The importance of the higher long term support of the Monthly Pivot, merging with the Daily and Weekly Pivots confirms the Pivot Stack. With the Pivot Stack setup, the current bias is bullish and the probability of a renewed upward move is significant enough to take action. The tightly compressed series of pivot ranges is the ideal time to go long ALB, confirmed with favorable value and fundamentals in place.
NYSE:ALBLong
by chris333
1
ALB 1W Reversal at 23.60% Fibonacci Retracement ALB has been downtrending over the past 2 months and currently appears to be reversing at the 23.60% Fibonacci Retracement. Additional confirmation from Spectro M's Scalp setting reversal tool, as seen in the shaded vertical band, Spectro's X Confirmation, and Spectro O using symetric weight and Murrey. The price reversing at the bottom of the Murrey Spectrum alludes to potential for a nice run. In addition, if viewing the 1D chart, a Sectro Alpha indicator appeared 2 candles ago with Spectro M's Volatility tool. When I looked at volume using Spectro O and Murrey, it indicates volume pointing downward still at the bottom of the murrey range. My read on this, is the potential for further correction to a full Fibonacci retracement exists. If entering now, I would utilize a tight stop in the case of a full retracement. Analysis by AlchemistLA Note: I am a Hypester team member and a novice currently learning TA. Any suggestions and/or corrections of my analysis are encouraged. Thank you for helping me in my journey through your feedback.
NYSE:ALB
by hypester_trading
$ALB Bullish after earnings surprise . ALB produced a excellent and surprising set of results yesterday and upbeat guidance. The only disappointment was a decline in revenue from Lithium sales but that was as a result of factors outside the companies control. ALB has already tested this $73 range once before and bounced, hopefully we see the same and a move towards $93 will ensue. The average price target on the stock is $106 but until world trade disputes are resolved this will probably not be reached for some time. Company Description Albemarle Corp. is a specialty company, which engages in developing, manufacturing, and marketing of chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, transportation, pharmaceuticals, crop production, food-safety, and custom chemistry services. It operates through the following segments: Lithium and Advanced Materials, Bromine Specialties, and Refining Solutions. The Lithium and Advanced Materials segment include two product categories: Lithium and PCS. The Lithium business develops and manufactures a broad range of basic lithium compounds. The Performance Catalyst Solutions division operates in three product lines: organometallics, polymer catalysts and Curatives. The Bromine Specialties segment consists of bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Refining Solutions segment contain two product lines: clean fuels technologies, which is primarily composed of hydro processing catalysts, and heavy oil upgrading that comprises of fluidized catalytic cracking catalysts and additives.
NYSE:ALBLong
by RedHotStocks