0HC7 trade ideas
$ALB - lithium is key commodity for EVsChart looks goods for entry here. Note: near-term earnings release. Expect volatility.
The Ski Mask is on......AlbamarleI see a quick drop in price before the continuation of a tested resistance. I really like this company as they are the largest company within the lithium industry which will be in high demand for the auto industry. Going through a covid phase. They should be ok as the financials are still in ok enough shape to me for growth and long term value. I think price bounces off of $160.38 and shooting up towards resistance and above down the line.
What do you think?
$ALB - Bullish trend continuation?$ALB finding support on the current trends linear regression mean as well as on the Fib 23.6 level.
Looking for breakout confirmation with solid daily close roughly above $166.50, as it may fall and retest mean going into earnings.
RSI moving just above 50 and would like to see movement above 55 with breakout of 61.8.
Watching for support at about $161, with stop loss at either $154.50 or $151.50 depending on data as we move to those regions.
Risk reward of approx 2.5.
Not bad at all.
$ALB 4hr/D HBD holding supportPretty easy risk management. Needs to hold this support. Divergence looks good. Would target .618 retrace and leave a little for higher moves.
Long position, enter at $140, target $190wait for correction to end and enter at $140. target is new high at $190
ALB LongR Convergences shown by arrows. Expect strong support / resistance here. Expecting slight pull back - it's overdue..
The new world will be powered by Albemarle1. Albemarle is one of the largest lithium producers in the world. Besides lithium, it also produces bromine and provides refining solutions and chemistry services for pharmaceutical firms. (src : investingews.com)
2. The U.S. ranked 7th with 1.2% of the world’s lithium production. Nevertheless, the U.S. is home to two of the world’s top-producing lithium companies: Albemarle and Livent. (src : Forbes Dec 13, 2020)
3. The global lithium-ion battery market was valued at USD 36.7 billion in 2019 and is projected to hit USD 129.3 billion by 2027, at a CAGR of 18% from 2020 to 2027. (src : Valuates Reports)
🟢 +18%: Buy Stop #ALB @187.26 / TP 221.13 / SL 175.97🟢 +18%: Buy Stop #ALB @187.26 / TP 221.13 / SL 175.97
ALB| TrendThis stock is not as popular as other names but its trend looks great, showing great volume and momentum.
ALB. Long on Pullback. 125-138Wait for pullback.
Tight SL
Open 125 TP138
SL 118
I expect high pressure from sellers at 130.
ALB. Long on Pullback. 105 to 138$Monthly
Strong Uptrend
Weekly
Uptrend
Daily
Too loate to open long.
Then wait for strong correction - pullback.
Open 105
TP 138
SL 90
ALB long ideaWith Lithium producers steadily climbing I bought ALB this morning. Price is above the supporting MAs and moving higher. Should reach new highs over $100. I bought LAC months ago and LTHM last week. Lithium for electric car batteries.
ALB: Possibility for another bullish continuation Possibility for another bullish continuation
Bullish Flag
TP 1 = 96.55
TP 2 = 99.34
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