After an explosive breakout out of the descending channel, ALICE is now consolidating for the 2nd time which is giving you an opportunity to catch the next impulsive move to the upside.
We can also see that ALICE broke out of the channel on the 28th and 29th on very high volume which is another indicator of the current strength of ALICE and the current consolidation is being made on decreasing volume which is good as it means that there isn't much selling.
For this reason I would expect a continuation to the upside with targets being 22 then 31.
Good luck traders
Focus on protecting what you have and don't break your rules.
Habib
We can also see that ALICE broke out of the channel on the 28th and 29th on very high volume which is another indicator of the current strength of ALICE and the current consolidation is being made on decreasing volume which is good as it means that there isn't much selling.
For this reason I would expect a continuation to the upside with targets being 22 then 31.
Good luck traders
Focus on protecting what you have and don't break your rules.
Habib