Aristocrat (ALL:ASX)
Technical Analysis: ALL has been on an amazing run recently, and has only experienced 2 sharp sell offs since we initiated coverage – the second being due to covid and it has taken just over a year to recover to its pre-covid high reaching this level in May 2021. There may be a risk of a pullback over the near-term given how fast ALL has rallied, so investors may want to wait for some consolidation before entering a position. Taking a medium-term view, we remain comfortable buying at current levels as the fundamentals of the business remain solid enough to break through to new highs like it has done so in the past.
