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11 de Ene. de 2019 8:25

ALB Approaching Support, Potential Bounce! Largo

Albemarle CorporationNYSE

Descripción

ALB is approaching our first support at 72.81 (horizontal pullback support, 50% fiboancci retracement, 61.8% fibonacci extnesion) where a strong bounce might occur above this level pushing price up to our major resistance at 90.30 (horizontal pullback resistance, 23.6% fiboancci retracement).
Stochastic (89,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
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