ALH

Asset is in Stage 3 distribution with bearish pressure. Medium-term bias is bearish confirmed by price below converged 9/20 EMAs and a decisive break of support. Short-term trend is down and false bounce attempts are being rejected, indicating execution readiness. Sell now into resistance zones around the 9/20 EMAs and 50 DMA. Key risks include a sharp oversold bounce or failure to hold new lows which would delay further downside.

• ↑Q1 revenue $427M (+10% YoY); full-year sales guidance raised to 6–7% growth.
• ↑Adjusted net income surged 85% to $63M; adjusted EBITDA up 9% to $109M.
• ↓Net debt $1.2B, leverage at 2.6x adjusted EBITDA raises liquidity risk.