Fomenka

Another bottom picking opportunity with Albemarle

Long
NYSE:ALB   Albemarle Corporation
The company with very strong fundamentals simplywall.st/stocks...s/nyse-alb/albemarle
Trading at more than 50% discount to estimated cashflow. This company also can be an investment opportunity.

There is a possibility of downside as I described on M chart. In this case, I will buy the stock again after being stopped out.

I am comfortable with risking 0.3% of capital on this trade. Stock exposure is 2.6% and if successful I will make 30-35% capital return on this stock in one year. If the stock declines further the probability for bottoming out in the next few years increases.

🚪 t.me/EnergeiaCharta

🌏 energeiacharta.com

⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist

🗃️ Extensive analysis archives

📏 Chartopedia, with examples of applying ElliottWave to real world charts

Idées en relation

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.