123Tom's TA study group

[Citrati]

$3 needs to hold as support or the 3.6's down to 2.45 are in play.
http://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=1&mn=0&dy=10&id=p39753591965
Here's a 10 day hourly for the short term look.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=avxl&x=32&y=10&time=18&startdate=1%2F4%2F1999&enddate=7%2F29%2F2016&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=5&maval=8%2C20&uf=16&lf=268435456&lf2=2&lf3=32&type=4&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Preferably the 8 needs to stay above the 20 or weakness would get a boost.
Odds usually favor a gap fill unless news trumps the chart just as you say.
Volume has trended down so that also favors the weakness side.
Green trades to you.