I know this isn't TA but;
I think the price drop and little gain is more due to:
A. US tech sector is all over the place.
B. It has been trading at let's be honest a very large premium for a considerable amount of time.
C. General uncertainty about the short-term future of the globsl stock market's.
I have been a previous holder and bought in at the $7 mark and will certainly buy in if it drops below that $20 mark. I can see (not predict) further market uncertainty and Altium out of all of the booming tech stocks looks primed to weather the storm better than others in the sector.
ALU Chart, page-4
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Last
$68.33 |
Change
0.050(0.07%) |
Mkt cap ! $9.014B | |||
| Open | High | Low | Value | Volume |
| $68.30 | $68.33 | $68.30 | $366.8M | 5.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 680992 | $68.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $68.34 | 1515 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ALU (ASX) Chart |