In November, I was looking at Albemarle Corp. $ALB with a bullish lens. Price looked like it was in a bullish breakout. However, the breakout was very weak, and did not extend as we can see on the daily chart. A failed bullish breakout can signal a bearish outlook, and this is exactly what has materialized since November.ALB Daily Chart(click to enlarge)Bearish Continuation Breakout:- The failed bullish breakout in November has evolved into a bearish breakout here in December.- Price has broken a rising trendline support, and is threatening the 2018-low at $86.75.- With the prevailing bearish winds, I think ALB will break below $86.75.Bearish Outlook:- A break below $86.75 will open up the $73-$76 area (around $75), which is a critical support/resistance pivot going back to 2011. (Refer to the weekly chart below).- The bearish outlook is more clear on the weekly chart, where the failure to clear above the 200-week SMA could be seen as a "bearish slingshot" signal.- Furthermore, the RSI held under 60, which reflects maintenance of the prevailing bearish momentum.- I don't think the 200-week simple moving average will be much support outside of the very short-term.ALB Weekly Chart(click to enlarge)