Adding to core position Alimentation
Alimentation is one of my core holdings in my long-term investing account. I have been slowly adding to this position slowly as it consolidates. I believe the market has not priced the rate cuts into this very recession resistant stock. The market is keeping the price down due to the uncertainty of the 7-eleven acquisition. This consolidation has been 28 weeks allowing me to slowly amass a large position in my concentrated portfolio. TA wise the stock is ranging and building a strong base around the current price. The weekly stochastic RSI is completely dead right now. My TA target is 72$, this nearly perfectly lines up with the discounted cash flow valuation from Jan of this year.
My target for a year out is 75$.
My target for a year out is 75$.
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