Electronic software developer ALU has failed to hold onto early 2022 gains which is understandable in todays environment especially with its high valuation, unfortunately technically its starting to look like a stock which has experienced a failed pop to new highs. We like the business but if / when the tech sector does find some love we might consider taking our money around the $40 area.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM is mildly bullish ALU
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