To The Moon

Sure, big price jumps bring feel-good factor. Those are for egos boosting, not long term investment health. Big spikes usually followed by corrections, so I never liked them...

RSI as a result of this sudden spike in prices crossed 80... it does feel overbought at this stage for AGQ. I am watching it closely, especially at $98.97 signalled a possible double top, as can be observed in the main chart for AGQ. Having said that, there may be more to it. MACD looks good... very good indeed, it feels like the beginning of a new mid term upside, as shown in the secondary chart that I had shared below. 

Which way will it go from here? A consolidation of positions or will the spike goes on to take out $98.83 completely? That's why I will be watching the next few sessions with interest. If $99 is cleared cleanly, we are looking at way beyond $100! $105-110 will be the near term target, with $100 as the new defence line, aka support line. On the other hand, $100 might ended as the new resistance line if we can't clear $99 cleanly in the next few sessions.

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