Wall Street Trader's Column™ by Harry Aloof

Wall Street Traders Column™ is the result of over three decades of experience in the stock and Commodity futures marketplaces. As a subscriber, you will benefit from years of in-depth study of technical analysis and how these studies can be implemented to make you money.

Wall Street Traders Column™ screens over 6,000 stocks daily from all major exchanges.

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TODAY'S PICK


BITCOIN TO US DOLLAR ($BTC-USD-NYSE): Technical Viewpoint: From a low of $29,925 on May 19, 2021 prices rallied, reaching a high of $41,307 on Jun 22, 2021. A decline saw prices pull back, reaching a low of $28,908 on Jun 28, 2021. Another rally saw prices penetrate resistance line "A", closing yesterday at $31,952. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Jul 21, 2021 when the solid line crossed the dotted line to the upside. Support: Remains at $29,500. Resistance: Is at $34,500. Point & Figure: Reversed to the upside on Jul 20, 2021. A P&F downside reversal takes place at $31,000. Summary: Technical indicators have turned bullish. BUY! BITCOIN TO US DOLLAR ($BTC-USD-NYSE) @ $32,850 Stop: Use a protective stop of $30,850. BITCOIN TO US DOLLAR is currently trading @ $31,952 plus $2,343 on Jul 21, 2021. Price Objective: $45,000. Risk/Reward: $2,000 VS. $8,000. Today's Risk Reward Ratio: 4:1

CONTINUE

Three Part Technical Chart

Daily Candle Stick Chart Point & Figure Chart Technical Study

Price Objective: $45,000
Risk/Reward: $2,000 VS. $8,000
Risk/Reward Ratio: 4:1

Weekly PICK


ALBEMARLE CORP (ALB-NYSE): Technical Viewpoint: From a low of $149.66 on May 6, 2021 prices rallied, reaching a high of $177.18 on Jun 8, 2021. A decline saw prices pull back, reaching a low of $158.82 on Jun 18, 2021. Another rally saw prices penetrate resistance line "A", closing yesterday at $175.51. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 7, 2021 when the solid line crossed the dotted line to the upside. Support: Remains at $163.00. Resistance: Is at $177.18. Point & Figure: Reversed to the upside on Jun 24, 2021. A P&F downside reversal takes place at $162.00. Summary: Technical indicators have turned bullish. BUY! Albemarle Corp (ALB-NYSE) @ $176.50 Stop: Use a protective stop of $169.50. Albemarle Corp is currently trading @ $175.51 plus $1.15 on Jul 8, 2021. Price Objective: $201.00. Risk/Reward: $7.00 VS. $24.50. Weekly Risk Reward Ratio: 3:1

Three Part Technical Chart

Weekly Candle Stick Chart Point & Figure Chart Technical

Price Objective: $201.00
Risk/Reward: $7.00 VS. $24.50
Risk/Reward Ratio: 3:1