Tag: ASX:ALU

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Altium is under Algo Engine buy conditions following the entry signal at $30. Since then the stock has rallied to $36 and is up 20%+ on the entry signal.

ALU was added to our ASX high conviction model on 4 Sept.

Update 17 Sept.

Altium is under Algo Engine buy conditions.

Altium is under Algo Engine buy conditions.

Altium is under Algo Engine buy conditions.

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.

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

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.

Altium is under Algo Engine buy conditions.

ALU’s comments point to a continuing challenging trading environment, due to COVID-19, particularly in the US. The company reiterated FY21 guidance for 6 – 12% revenue growth and EBITDA US$76-89m.

Watch the short-term indicators for a turn higher within the $31 – $34 price range.

NOTE: High risk trade due to extended PE valuations.

Altium is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.

The momentum indicators have now turned positive and initial support looks to be in place at $34.75.

Altium is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.

The momentum indicators have now turned positive and initial support looks to be in place at $34.75.