Plenty of reasons why ALL is down today. ASX down 0.8%, Ex-div date, below EMA 200, MACD is bearish, some large sells lately, weak bounce, and share price declining on huge volume (especially the day ALL decreased by 7%).
To state the obvious ALL is currently in a bearish trend. Those buying 'the dip' it may be alright in the long, long-term, but from what I personally see, this could continue to slide. Watching $23.02 (or around there) for some sort of bounce. If no bounce or reprieve at the $23.02 level, the next level to come into play is $22.60 then $22.30 based on Fib's.
Not worth buying or accumulating until we see some sort of slow-down/reversal or a change in overall market sentiment.