Fav Battery Energy Stock Picks SoulBrain MSTNS ENR ALBWe let one get away by 1 frikken day. American Energy Corp went up 36% today. Pissed off. So This is my revenge buying list. Anger wins!
0HC7 trade ideas
Albemarle Corp (ALB - US) WXY down Albemarle Corp (ALB - US) is in WXY pattern in down cycle. X wave was triangle, which was over. Y wave was started down with triangle break down. Wait for B internal wave of Y wave to get next trade entry.
Try out analysis looking for feed back on ALBAny comment , advice insight would be helpful to help me get better, came to the conclusion that the current support that was reach would not be breached and that the action would consolidate on his rise to the previous top still holding , macd looks good with the recent cross RSi shows good sign of a positive growth pattern?
Fractal ALB ?first time trader.
1- watched kaz vid
2 - read mootley fool.
I came across this chart of ALB.
I see there might be a pattern repeating it self.
agree or not?
MACD is closing in
RSI looks good.
ALB From Insider Monkey :Albemarle Corporation (NYSE:ALB) has seen an increase in hedge fund sentiment recently. ALB was in 23 hedge funds' portfolios at the end of the fourth quarter of 2019. There were 18 hedge funds in our database with ALB holdings at the end of the previous quarter. Our calculations also showed that ALB isn't among the 30 most popular stocks among hedge funds (click for Q4 rankings and see the video at the end of this article for Q3 rankings).
I am long GALXF & LLKKF for the same reason, I believe the Lithium market is heading for a massive bull market 2021 and forward. ALB is a juggernaut but there is plenty of demand for lithium batteries for many other companies and LLKKF is my pick could be the same price as ALB one day
AlbemarleI haven't looked at how their "digging" is going but a trade is possible inside this channel. Comments are welcome
LONG ALBExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
ALB is to rally again Though (X) wave does not provide many clues to call a bottom, the broader market does. Also, look at this gorgeous falling wedge on RSI! I bet it means something.
On a horrible day like this $ALB chart is telling me to buy.This market is in a liquidity driven panic. $ALB has a great future that others will see once they get their heads on straight again. Like the potential Head and Shoulder bottom.
Albemarle Corp Bullish Trade
Looking for possible breakout trade with entry @ $93.00 with upside target $108 to fibonacci golden pocket.
P/E ratio 17
17% short interest could ignite quiet a rally
Albemarle Corp Bullish Reversal
Very bullish basing pattern formed.
Long term downtrend break.
RSI strong
Price now stuck between 7&12 Moving average support and the descending 200MA.
Possible entry on break above Fibonacci .382 level @ $94.00
Target price $111.34
Stop loss $88.24
Albemarle prospect`Yes, Lithium is gonna be big so I'm saving a prospect but I wouldn't buy now. There was a golden opportunity earlier.
ALB has my favorite profile: Breakout, reversal, pivot, supportALB has just recently moved out from under two downtrend lines and is just above pivot at $71.
Rising uptrend line off of Aug $59 lows now gives support at the $70 level as well.
First attempt to break out from 2 year downtrend will test first resistance at $76 level.
Weekly RSI is in a rising uptrend with reading just above 53 level as well.
BUYING now in the low $70 area with stop loss at the Dec 16 breakout day opening of $67.50
Long position module on chart will track progress of both new uptrend and target trades for 2020.
Second resistance level is at $82.60 which is used as target on long position chart module.
Main target is the bottom of previous price channel at $92.27 last seen 11 months ago.
This channel was ongoing for over 12 months with higher end at $108.
Top pricing of two year downtrend was at $127, therefore that is ultimately the target for any new structural change in trend (off of August lows) going forward.
Therefore with 5/1 risk reward I am risking $4 to make $20 with the $92 price target during 2020.
Trade to win...Trend is your friend...Manage the risk...Make your success.
Dr. RAV
Albemarle Corp Reversal trade Entry level $77 = Target price $91 = Stop loss $73
Levels of Interest = $92.61
P/E ratio = 14
Short interest = 15.28%
Average Recommendation: oVERWEIGHT Average Target Price:$75.32
11 BUY
01 OVERWEIGHT
07 HOLD
03 SELL
Company profile
Albemarle Corp. is a specialty company, which engages in developing, manufacturing, and marketing of chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, transportation, pharmaceuticals, crop production, food-safety, and custom chemistry services. It operates through the following segments: Lithium and Advanced Materials, Bromine Specialties, and Refining Solutions. The Lithium and Advanced Materials segment include two product categories: Lithium and PCS. The Lithium business develops and manufactures a broad range of basic lithium compounds. The Performance Catalyst Solutions division operates in three product lines: organometallics, polymer catalysts and Curatives. The Bromine Specialties segment consists of bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Refining Solutions segment contain two product lines: clean fuels technologies, which is primarily composed of hydro processing catalysts, and heavy oil upgrading that comprises of fluidized catalytic cracking catalysts and additives. The company was founded in 1993 and is headquartered in Charlotte, NC.
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The Lithium Decade Begins Golden Cross on daily 20 MA crosses 200 MA
Currently in daily consolidation, starting to breakout again on daily
Price moved above 200 MA, 200 MA is still pointing upwards on weekly
First PT 91.40
Second PT 110
Stoploss 69.0
See you at 90!What we see is a Symmetrical triangle, which can continue or reverse the price trend.
So be aware of;
1# the support at 60$, if it breaks, likely scenario is we continue the trend towards 40.
2# RSI, showing a bullish divergence. But needs to break through 50 to be confirmed.
3# Breakout, wait for it to happen and go long on the retest. Enter to early and you could get trapped.
News;
# Multiple Downgrades through November.
# Price has been falling because of oversupply, more than the EV market could handle
# CEO of Albermarle is positive and expects robust long-term demand for the electric vehicle battery mineral.
# Q3 more insider selling than buying
# Q3 and Q4 has more institutional buying than selling, inst.ownership is 92%
Relevant;
# Earnings February 19th 2020
# Consensus Analyst price target is $78.73
