I must say I agree with the vast majority of posters recently. ALU has built up a strong market position over the past few years and will undoubtably come out of this current climate, far better than others.
For me in this tech space particularly ALU, support levels are absolutely key. $25 has been the firm ground in the 20s for well over a year and a half and even during the Feb/ March 'collapse' $25 held well. For me $32.5 is that new $25 and continues to show up as a very strong resistance point.
If this continues to hold here over the coming weeks I will certainly be adding to my holding, for all the reasons previously expressed and more.
AIMHO
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