Looks like this rally may be over - could continue sideways for...

Looks like this rally may be over - could continue sideways for a while. A drop below $2.02 could signal the start of a correction. If you are confident AAD won't correct, then wait for price to drop near $2.02 before buying. If you are less confident, then it might be wise to wait and see if the support at $2.02 holds.

Evidence:
1. Break below uptrend line last week.
2. False break above previous swing point high on high volume on 29/05/2017. High volume indicates a complete rejection of going higher.
3. Price has hit resistance at the top of its medium term downtrend channel
4. Price has hit resistance near the high ($2.17) of the big, large volume, down day which occurred on 23/02/2017
4. Bearish divergence in daily MACD & RSI

Daily Bar Chart


Downtrend Channel


Bearish MACD Divergence


Bearish RSI Divergence