HPY About to Break Out?

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HPY             is at a critical 5 year consolidation point. Not only did it recently hit a new high above 34, but this resistance level has collided with the 3 year channel seen above. While it has not fully broken to the upside yet, expect HPY             to have a strong break up very soon. Long term consolidation patterns like this one are very common and often do not lie. While I'm confident in my ability to read charts, there's always a possibility the market will head in the other direction, so set your stops.
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