26th Jul 2021. 11.24am

Regency View:


Regency View:

Alumasc (ALU) – close at 261p

Alumasc has been a star performer in our AIM Investor portfolio since adding them in April.

However, last week’s price action saw the shares undergo a short sharp sell-off – snapping multiple ascending trendlines (see chart below).

The reason for the sell-off is unclear and prices have since stabilised at around the half-way mark between the sell-off high to low.

We believe the best course of action is to crystallize our profit and wait to see if more detail emerges regarding the sell-off with a view to possibly re-entering later this year.

Gross Profit = +51%

ALU Daily Candle Chart

ALU Daily Candle Chart


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