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July 9 Chart of the Day - Albemarle

July 9 Chart of the Day - Albemarle
Shares in lithium miner Albemarle (ALB) declined by 22.1% in June, according to data provided by S&P Global Market Intelligence. The move comes from a price decline in lithium carbonate and a deteriorating indicators around the electric vehicle (EV) market.

The company's stock price is down about 7.5% today so we wanted to review their chart from a price action technical analysis perspective.