thanks C, but todays volume is low....only 575 K shares compared to 3.8 million yesterday, and earlier in the week, was 2 million and 1.5 million. today looks like drying up volume.
I agree about the Bollinger band,and the topping zone at 5.70 here,its like sitting on a cliff edge here. but today was a big support holding at 5.42,several touches all held, and breaking above the 5.50...that part appears bullish as far as little price action waves climbing steps goes.... but we could easily see a plunge fall down to 5.40 again, maybe 5.20 all over again.... I see this 5.70 is a target station area, and maybe 5.00-5.20 can hold as the next base.... but right now it looks like buying has dried up. but selling hasn't started yet. end of day sell off coming ???? it feels a bit dangerous watching here.
the math targets are showing another bounce to reach the 6.20-6.50 area IF this somehow runs up one more leg. otherwise I think we could have a pullback wave to retest 5.00-4.50 area maybe generate momentum and test 4.25 area?
looking then at a playing field 6.40-5.40-4.40
other patterns we have a bottom at 2.76 and now a top around 5.76 in the middle is 4.25 area as a pullback zone. 4.60-4.20 area
IF AVXL Fails to continue thru the 5.75 peak,and begins a full pullback wave, it looks like the 4.60 area is the main target ,in my view. a drop of 1 dollar from here, which is exactly what AVXL likes to do. This topping area around 5.60-5.70 is a take profit peak if all this adds up right.
and rebuy at 4.60-4.20 area
