ALQ not following through yet. In a relatively bullish market, ALQ continues to under-perform. The closest analog to ALQ could be BSL. Like ALQ, BSL dropped a large amount from around $14.30 down to $10.61. This is a ~ 26% fall. The first signal to go long on BSL was when price traded above the 28-day EMA on Oct 9th around $11.50. BSL is now $15.32.
ALQ could be in the process of forming a base where above average volume indicates accumulation. In retrospect, this is what occurred with BSL. But for now I won't be buying ALQ until we see more strength.
Current long portfolio:
(ACX_ALU_APT_APX_ASL_AVZ_A2M_BIG_BKL_BSL_CWY_LVH_MLX_NWH_NXT_ORE_SDF_SYR)
Chart Req, page-9
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 (20min delay)
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Last
$14.02 |
Change
-0.080(0.57%) |
Mkt cap ! $6.793B | |||
| Open | High | Low | Value | Volume |
| $14.01 | $14.12 | $13.98 | $10.61M | 754.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3068 | $14.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.11 | 206 | 3 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| ALQ (ASX) Chart |