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Albemarle Corporation

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ALB trade ideas

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?
NYSE:ALBShort
by quickshiftinn
6
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
NYSE:ALBLong
by mike_volk
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.
NYSE:ALBLong
by Candles254
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.
NYSE:ALBLong
by thisbemax
1
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.
NYSE:ALBEducation
by Gelium
3
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.
NYSE:ALB
by UnknownUnicorn13101
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
NYSE:ALBLong
by nickso833
#ALB big money in deal, keep an eye on resistance/support levelsBased on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance. We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Please, use them in combination with our own strategy, not in alone. We do the best research as we can to find new opportunities in the massive amount of information every day to help you make data-driven trading decision. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!
NYSE:ALB
by ClashChartsTeam