When the Price of (ALB) Talks, People Listen
January 15, 2024, 13:56 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ALB
- Buy ALB slightly over 103.81 target 131.07 stop loss @ 103.51 Details
The technical summary data tells us to buy ALB near 103.81 with an upside target of 131.07. This data also tells us to set a stop loss @ 103.51 to protect against excessive loss in case the stock begins to move against the trade. 103.81 is the first level of support below 126.05 , and by rule, any test of support is a buy signal. In this case, support 103.81 would be being tested, so a buy signal would exist.
- Short ALB slightly under 131.07, target 103.81, stop loss @ 131.45 Details
The technical summary data is suggesting a short of ALB as it gets near 131.07 with a downside target of 103.81. We should have a stop loss in place at 131.45though. 131.07 is the first level of resistance above 126.05, and by rule, any test of resistance is a short signal. In this case, if resistance 131.07 is being tested, so a short signal would exist.
Swing Trading Plans for ALB
- Buy ALB slightly over 128.6, target 131.07, Stop Loss @ 128.23 Details
If 128.6 begins to break higher, the technical summary data tells us to buy ALB just slightly over 128.6, with an upside target of 131.07. The data also tells us to set a stop loss @ 128.23 in case the stock turns against the trade. 128.6 is the first level of resistance above 126.05, and by rule, any break above resistance is a buy signal. In this case, 128.6, 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 128.6, target 123.53, Stop Loss @ 128.97. Details
The technical summary data is suggesting a short of ALB if it tests 128.6 with a downside target of 123.53. We should have a stop loss in place at 128.97 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, 128.6, 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 127.65, target 128.6, Stop Loss @ 127.35 Details
If 127.65 begins to break higher, the technical summary data tells us to buy ALB just slightly over 127.65, with an upside target of 128.6. The data also tells us to set a stop loss @ 127.35 in case the stock turns against the trade. 127.65 is the first level of resistance above 126.05, and by rule, any break above resistance is a buy signal. In this case, 127.65, 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 127.65, target 125.02, Stop Loss @ 127.95. Details
The technical summary data is suggesting a short of ALB if it tests 127.65 with a downside target of 125.02. We should have a stop loss in place at 127.95 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, 127.65, 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 Corporation (ALB) available here: ALB.
ALB Ratings for January 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
103.81 |
| P2 |
125.02 |
123.53 |
131.07 |
| P3 |
127.65 |
128.6 |
158.02 |
AI Generated Signals for ALB
Blue = Current Price
Red= Resistance
Green = Support
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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 Corporation (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.
Fundamental Charts for ALB:
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