Buyers continue to apply pressure as they support higher levels

Potential Buy Entry Alert ALQ

 

Time Frame : Daily

Sector : Commercial and Professional Services

Key Stats : $3.7 Billion Market Cap, VWAP 7.526, ASX Ranking 110, 4 Week Av Turnover $7,857,445, PE Ratio 72.9, Div Yield 2.26%.

Company Overview : ALS Limited (ALQ) is a global provider of testing and analytical laboratory services with headquarters based in Brisbane, Australia. The Company operates four main testing service divisions namely Minerals, Life Sciences, Energy and Industrial across Africa, Asia, Australia, Europe and the Americas.

 

ALQ – ALS Limited

ALQ is holding some strong support as buyers continue to apply the pressure. We see the opportunity to get involved in a nice rally that will attack the highs around 8.50. Watching now for a push up out of contraction and the buy entry setup to build.

 

Stock Code : ALQ – ALS Limited

Company Website : www.alsglobal.com

Current Price : 7.57

Status : On watch for a buy entry setup