Albemarle Corporation's stock has been on a tumultuous journey, mirroring the volatility of the lithium market. From soaring highs to plummeting lows, the company's fortunes have been inextricably linked to the whims of lithium prices. Despite a challenging first quarter, Albemarle has implemented cost-saving measures and efficiency initiatives, yielding a significant $90 million in savings.

Technical analysis reveals a support level of $105, which the stock has yet to breach. The long-term chart shows a head and shoulder pattern, typically indicative of a further downtrend. However, the stock has been trading within a range since November 2023, offering opportunities for short-term range-based trades. Investors can capitalize on this range-bound movement by shorting the stock near $145 or buying near $110, with strategic stop-loss and profit targets in place.

As the lithium market continues to evolve, Albemarle's fate remains closely tied to its fluctuations. Yet, with a focus on cost efficiency and pricing transparency, the company may be poised for a rebound. Will Albemarle break free from the bearish grip and surge forward, or will it remain trapped in this range? Only time and technical analysis will tell.