ALB

ALB

Albemarle Corp. 













Albemarle Corp. engages in the development, manufacture, and marketing of chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, transportation, pharmaceuticals, crop production, food-safety, and custom chemistry services. It operates through the following business segments: Lithium, Bromine, Catalysts, and All Other. The Lithium segment develops and manufactures basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents. The Bromine segment consists of bromine and bromine-based businesses including products used in fire safety solutions and other specialty chemicals applications. The Catalysts segment contains two product lines: clean fuel technologies, which are primarily composed of hydro processing catalysts, and heavy oil upgrading that is composed of fluidized catalytic cracking catalysts and additives. The All Other segment includes the FCS business. The company was founded in 1993 and is headquartered in Charlotte, NC.


I have traded this name a few times this year, searching for a bottom. We finally made a couple month long range forming a triple bottom. The rip higher and engulf was my in. Looking at past Monthly Triple bottoms, the stock has risen each time. 3 as far as I can see.

Queries are not in favor, slight edge to green. Most common days are not in my favor. Telling me im too early. I am betting on a bottom, rather than data showing me its been a bottom in the past. 

There is a clear technical change. It is a solid company with huge growth and high score. Its a fundamentally great company. There are also Major Qtr/6m and Y moving averages that have bounced as if there was a bottom here as well. Not to mention the volume increase.  

The company had beat earnings for the past 3years q/q straight. And sold off each one. Now its most recent earnings it missed for the 1st time in 3 years, and the stock was bought! Clear theme change. 

There's a lot of data that says sideways action, but a lot of technical and earnings reasons to see a rise in price finally. We shall have to see.

This is NOT a trade to wait hold and see. I got a good average position with clear vol prof bottom at 118. 

Avg in $120
PT 153.50
Risk to start was 110.

I can limit this to a super tiny loss of less than $100.

If we close under 118, or see big sell after losing it. Out. 

If Yrly high does not bring in major buying, need to take partial early. 

1/28

Cant seem to lose it yet. 9MA acting as R but just barely not closing above it. Almsot looking manipulated. Volume increase on W. hourly charts look good with coil pointed up, stock is acting like its bottoming, but past history still tells me be careful.

Came close to close under 118 but last half hour power say big buys. Had to hold.

Next week will be big. Ready to cut this thing 



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