How the price action of Albemarle ALB is used to our Advantage

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Strong Strong Strong
P1 0 0 155.26
P2 171.27 172.50 176.69
P3 176.22 178.89 200.53

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Albemarle (NYSE: ALB) data table below can help you with price action, and we have more details too. Trading plans for ALB are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for ALB

June 11, 2021, 1:30 am ET

Our Longer Term Plans for ALB help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ALB Report.

ALB - (Long) Support Plan

Buy over 155.26 target 176.69 stop loss @ 154.81

The technical summary data tells us to buy ALB near 155.26 with an upside target of 176.69. This data also tells us to set a stop loss @ 154.81 to protect against excessive loss in case the stock begins to move against the trade. 155.26 is the first level of support below 167.78 , and by rule, any test of support is a buy signal. In this case, support 155.26 would be being tested, so a buy signal would exist.

ALB - (Short) Resistance Plan

Short under 176.69, target 155.26, stop loss @ 177.2

The technical summary data is suggesting a short of ALB as it gets near 176.69 with a downside target of 155.26. We should have a stop loss in place at 177.2though. 176.69 is the first level of resistance above 167.78, and by rule, any test of resistance is a short signal. In this case, if resistance 176.69 is being tested, so a short signal would exist.


ALB Long Term Analysis for June 11 2021

Graph of Evitar Corte vs S&P 500

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Swing Trading Plans for ALB

June 11, 2021, 1:30 am ET

Our Swing Trading Plans for ALB help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Swing Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ALB Report.

ALB - (Long) Support Plan

Buy over 172.50, target 176.69, Stop Loss @ 172

If 172.50 begins to break higher, the technical summary data tells us to buy ALB just over 172.50, with an upside target of 176.69. The data also tells us to set a stop loss @ 172 in case the stock turns against the trade. 172.50 is the first level of resistance above 167.78, and by rule, any break above resistance is a buy signal. In this case, 172.50, 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.

ALB - (Short) Resistance Plan

Short near 172.50, target 155.26, Stop Loss @ 173.

The technical summary data is suggesting a short of ALB if it tests 172.50 with a downside target of 155.26. We should have a stop loss in place at 173 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, 172.50, 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.


ALB Swing Trading Analysis for June 11 2021

Day Trading Plans for ALB

June 11, 2021, 1:30 am ET

Our Day Trading Plans for ALB help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Day Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ALB Report.

ALB - (Long) Support Plan

Buy over 171.27, target 172.50, Stop Loss @ 170.87

If 171.27 begins to break higher, the technical summary data tells us to buy ALB just over 171.27, with an upside target of 172.50. The data also tells us to set a stop loss @ 170.87 in case the stock turns against the trade. 171.27 is the first level of resistance above 167.78, and by rule, any break above resistance is a buy signal. In this case, 171.27, 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.

ALB - (Short) Resistance Plan

Short near 171.27, target 155.26, Stop Loss @ 171.67.

The technical summary data is suggesting a short of ALB if it tests 171.27 with a downside target of 155.26. We should have a stop loss in place at 171.67 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, 171.27, 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.


ALB Day Trading Analysis for June 11 2021