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Inverted Head & Shoulder Forming

June 11, 2018

Hi Traders.

 

As you can see from the screenshot below, the ALSI is still currently trading in the upward channel that it has been in for a while. It is edging closer and closer to the top of the channel.

The current level where it is trading at the moment is acting as a resistance level and we could see it stalling here for a while until it continues upwards. We have seen quite a lot of price action in this region over the past couple of months.