pool adsHow the price action of Albemarle ALB is used to our Advantage
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.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Strong |
| P1 | 0 | 0 | 155.26 |
| P2 | 171.27 | 172.50 | 176.69 |
| P3 | 176.22 | 178.89 | 200.53 |
Support and Resistance Plot Chart for ALB
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.
Blue = Current Price
Red= Resistance
Green = Support
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