ALB have started to rise in recent weeks. It's price stays near 5-year lows.
Long-term Price Levels already have worked to bounce the stock by around 50%+.
Most likely funds have started to trade it in Mean Reversion strategies. So, the movement back to 200MA and 800MA on Weekly time-frame is quite possible.
As fast as banks would start to rise stock's rating - it will go sky high.
Recently UBS already cut it's rating to "Sell". Yet, trend already is mighty enough and just kept going higher.
Full margin on every black 1D candle!
Long-term Price Levels already have worked to bounce the stock by around 50%+.
Most likely funds have started to trade it in Mean Reversion strategies. So, the movement back to 200MA and 800MA on Weekly time-frame is quite possible.
As fast as banks would start to rise stock's rating - it will go sky high.
Recently UBS already cut it's rating to "Sell". Yet, trend already is mighty enough and just kept going higher.
Full margin on every black 1D candle!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.