fair size drop from around 9.30 back to 8.50 with the tech stocks in the US dropping.
this looks fairly valued around 8.50 but i would like to wait for better value around 8.00 support level or even 7.50 support level as a longer term entry point.
i may miss out but im certainly not going to rush into alu at high 8s.
the medium term outlook is good but there are some competitive risks and it is still priced almost for perfection.
Chart - Potential Breakout Imminent, page-13
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