A2M (A2 Milk Company Ltd) Hits $16.25 Resistance Level

 A2M has been rallying up for 7 consecutive trading days from the most recent sell-off. It is around +18%! Maybe it is time to pull back? 

It seems like A2M is hitting the $16.25 resistance level. Volume seems to dry up indicating potential reversal or maybe sideways?  Overall trend is still down, so it is likely to go down from here. If it does go down, I"m thinking to enter at 0.618 retrenchment level which is ~$10.50. I may enter higher since my intention is to average down my position.