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Consolidation Breakout Imminent

July 2, 2018

Hi Traders.

 

The ALSI is once again trading in the same consolidation channel that it has been for past five months.

 

 It is said that the longer that consolidation period is, the stronger the eventual breakout will be. Once the price finally decides to breakout of this consolidation range, we could be looking at an upper target of somewhere between 55 000 and 56 000.