When the Price of Albemarle $ALB Talks, People Listen

May 31, 2023, 16:30 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ALB

• Buy ALB slightly over 186.79 target 226.73 stop loss @ 186.25 Details

The technical summary data tells us to buy ALB near 186.79 with an upside target of 226.73. This data also tells us to set a stop loss @ 186.25 to protect against excessive loss in case the stock begins to move against the trade. 186.79 is the first level of support below 193.53 , and by rule, any test of support is a buy signal. In this case, support 186.79 would be being tested, so a buy signal would exist.

• Short ALB slightly under 226.73, target 186.79, stop loss @ 227.38 Details

The technical summary data is suggesting a short of ALB as it gets near 226.73 with a downside target of 186.79. We should have a stop loss in place at 227.38though. 226.73 is the first level of resistance above 193.53, and by rule, any test of resistance is a short signal. In this case, if resistance 226.73 is being tested, so a short signal would exist.

Swing Trading Plans for ALB

• Buy ALB slightly over 198.30, target 212.11, Stop Loss @ 197.73 Details

If 198.30 begins to break higher, the technical summary data tells us to buy ALB just slightly over 198.30, with an upside target of 212.11. The data also tells us to set a stop loss @ 197.73 in case the stock turns against the trade. 198.30 is the first level of resistance above 193.53, and by rule, any break above resistance is a buy signal. In this case, 198.30, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ALB slightly near 198.30, target 186.79, Stop Loss @ 198.87. Details

The technical summary data is suggesting a short of ALB if it tests 198.30 with a downside target of 186.79. We should have a stop loss in place at 198.87 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 198.30, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ALB

• Buy ALB slightly over 197.92, target 198.30, Stop Loss @ 197.46 Details

If 197.92 begins to break higher, the technical summary data tells us to buy ALB just slightly over 197.92, with an upside target of 198.30. The data also tells us to set a stop loss @ 197.46 in case the stock turns against the trade. 197.92 is the first level of resistance above 193.53, and by rule, any break above resistance is a buy signal. In this case, 197.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ALB slightly near 197.92, target 190.90, Stop Loss @ 198.38. Details

The technical summary data is suggesting a short of ALB if it tests 197.92 with a downside target of 190.90. We should have a stop loss in place at 198.38 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 197.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Albemarle (ALB) available here: ALB.

ALB Ratings for May 31:

Term →	Near	Mid	Long
Rating	Weak	Strong	Weak
P1	0	0	186.79
P2	190.90	198.30	226.73
P3	197.92	212.11	272.04

AI Generated Signals for ALB

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Albemarle (NYSE: ALB) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ALB can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.