ALB Short in Short Term, Long in Long Term

Watch for downward cross of moving averages, price finds support at the bottom of the channel and continues to rise from there.

Company is experiencing short term weakness along with broad sectors of the US Economy.
Market has been falling on news of new variant. General skittishness paired with portfolios rebalancing for 2021 year end make for extra selling pressure.

Albemarle will benefit from the strong tailwinds of rising commodity prices and increased demand for the elements they mine.

Yorum:

CMF showing higher lows, and an upward cross.