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Algo Buy Signals – AWC & BSL

Recent Algo Engine buy signals in BSL and AWC have performed well, with prices rallies of 20%+ in the past few months.

China has been ramping up production of both alumina and aluminium in the lead-up to potential capacity cuts. Alumina Ltd (AWC) is potentially the largest beneficiary, given it is a pure-play on the industry.

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Rio Tinto and South32 also seem well-placed to benefit. We will reconsider these names on the next Algo Engine buy signal.

Chart – BSL
Chart – AWC

 

 

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