ALB finding support on the current trends linear regression mean as well as on the Fib 23.6 level. Looking for breakout confirmation with solid daily close roughly above $166.50, as it may fall and retest mean going into earnings.
RSI moving just above 50 and would like to see movement above 55 with breakout of 61.8.
Watching for support at about $161, with stop loss at either $154.50 or $151.50 depending on data as we move to those regions.
Risk reward of approx 2.5.
Not bad at all.
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.
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.