Albemarle (ALB) is massively oversold.  However, not only did the lithium stock just catch strong support, it’s over-extended on RSI, MACD, and Williams’ %R.  We also have to remember that lithium demand is still strong.

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In fact, global demand for lithium batteries is expected to jump five-fold by 2030, according to Li-Bridge, as noted by Reuters, we need as much lithium as possible.  In fact, according to Li-Bridge, “Demand for lithium batteries in the United States is expected to grow more than six times and translate into $55 billion per year by the end of the decade, but still, the country is expected to depend on imports for supply.”


Ian Cooper