Looking very bearish

Apart from it's dire looking chart (which has been trending down for more than three years now) the fundamentals of both ALS and mining services are also looking very bearish.  From Motley Fool:

"I just find it hard to justify holding a stock that’s heavily exposed to the resources industry when it’s trading on a price-earnings (P/E) multiple of 19.2x.
Even if ALS manages to grow profit by 5% in the current financial year, which is well ahead of consensus estimates, the stock will still look expensive given its challenging outlook."

"Just about every division suffered from margin erosion due to growing competition."

http://www.fool.com.au/2015/05/28/als-ltd-moves-higher-on-results-should-you-buy/

"The mining exploration cycle continues to be in the doldrums and we see no end in sight given where metals prices are sitting. Companies are trying to maintain cash balances, as they are unable to raise capital through equity capital markets.  Therefore, companies are postponing exploration. ALQ relies on demand for assay testing to grow earnings."

http://www.thebull.com.au/premium/a/54663-18-share-tips---13-july-2015.html