Sell when price turns down off resistance. Watch for a partial rise off support as a signal of a downside breakout.
On the 1 day chart, price broke above the triangle pattern and is trying to cross above blue base line. The lagging line is also attempting to cross up over price. Last, the 50 DMA is trying to cross up over the 200 DMA. Thanks for viewing my chart. I'm new to charting/trading, so any corrections or help would be appreciated.
Sell at the top of the channel.
Look for a test of 23.6% line ($26.32).
After breaking resistance, we test $32.24. If we break that, the next test is $32.90.
If AG breaks resistance at $9.22, it will test $9.91. If we break that, the next test is at $11.20. My strategy is to buy a Feb $8/$11 call spread for $1.20.
A rising wedge is forming setting up a short term drop after a failed breakout of the current downtrend. Selling Jan 20 $15.50 calls @ $.33
Once resistance is broken, I believe we test the gap at $5. If we break $5 resistance, then up to $6.50