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ALSI Analysis | 22 January 2018

January 22, 2018

Hi Traders.

 

Being my first post of the year, I would just like to start off by wishing a successful and prosperous 2018 to each and every one of our readers.

 

The ALSI has continued mainly in an upward direction since last year. We are currently trading in an upward channel, having bounced off of the bottom of the channel around the 15th of December last year. (Image 1)

 

On around the 2nd of Jan this year, the 8 and 21 Exponential Moving Average's (EMA) crossed upward, which is a signal that it will possibly continue upwards for the next while. (Image 2)