KarkoSide
Nov 11, 4:30 PM
The Nasdaq may soon be approaching the end of its correction, yet
$ALM continues to demonstrate alarming relative weakness. Almonty Industries has declined 58.5% over six months, 39.2% over three months, and 27.4% in just one month. The pattern is concerning: ALM participates aggressively in market downturns but fails to demonstrate comparable strength during recoveries. While
$NVDA,
$AMD,
$MU, and
$ASML offer exposure to established technological growth drivers, ALM remains trapped in a persistent bearish trend. From a quantitative perspective, sustained negative momentum, lower highs, and repeated failures to establish support suggest continued selling pressure rather than accumulation. Even a Nasdaq recovery would not automatically reverse this weakness. At
$8.33, ALM trades approximately 66% below its 52-week high. **The bearish trend remains intact, and the short side continues to look more attractive. I remain short on
$ALM.**
0 replies