Tag: ASX:ALU

Altium is under Algo Engine buy conditions and is now up 9.7% after being added 12 days ago to the ASX 100 model portfolio.

29/5 update:

Altium is under Algo Engine buy conditions and is also a current holding in our ASX 200 Trade Table.

Stop loss $ $35.95

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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.