Altium is under Algo Engine buy conditions. The share price is oversold and likely to rally from the current level.
A more conservative entry strategy will be to wait for the stochastic to turn higher or the price action to cross up through the 10-day average.
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25/5 Since writing the above post in mid-May, ALU has rallied 20%. We anticipate a pick-up in earnings for the 6 month period ending June 30 and will be looking for confirmation that 2020 was an anomaly in the company’s growth trajectory.
Buy ALU with stops below $24.00
