The world's biggest lithium company Albemarle

The world's biggest lithium company Albemarle $Albemarle(ALB.US)$ could be due for a rally as it's in 'oversold' territory.

In the past 12 months, the stock crossed below this level, 7 times and then rose an average of 13% in the next 20 days (Bloomberg).

I think its revenue could likely hit a record this year, as EV makers that it sells to, such as Ford$Ford Motor(F.US)$, Merc $MERCEDES-BENZ GROUP AG(MBGAF.US)$, Tesla $Tesla(TSLA.US)$, Kia, Hyundai, VW, and GM $General Motors(GM.US)$ are ramping up production, while lithium orders are also expected to increase from the likes of other Albemarle customers, such as battery giant CATL.

Consensus estimates also suggest Albemarle $Albemarle(ALB.US)$ shares could lift 37% YoY.  Its PE is 5.9 times.