Every time global tech tries to bounce it gets slapped lower, we still believe the risk / reward favours the buying at least over the short term with rising interest rates being built into prices. ALU remains one of our preferred exposures to the local sector with a 15% rally towards February highs our initial short term target and the stabilisation in US tech overnight, even after some mixed earnings reports, might just be enough to set it on its way.
MM is bullish ALU targeting the $37 area i.e. 15% higher
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