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ALS Ltd (ALQ) $11.84

Laboratory testing, inspection and certification business ALQ remains 16% below its 2021 high, we feel as commodity prices continue to rally the backdrop for exploration remains strong. We’re bullish the Queensland based business targeting a a break of its 2021 high but the risk / reward is not particularly exciting hence if we were long it would be a hold but we need it under $11 to become attractive as a buy.

MM is bullish ALQ
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