Gaming company ALL has delivered both operationally and in terms of the share price over the last two years, but we feel this week’s pullback can extend further with the stock trading at the very high end of its historical valuation. There’s very little room for error operationally, and the stock has doubled in less than two years, making it a prime candidate for further profit-taking to unwind.
- We can see ALL testing below $70 in the coming weeks/months or another 6-8% downside.
MM likes ALL below $70
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