Friday, February 10, 2017 5:02:57 PM
yesterday...the end of day surge...
as I expected,we got a pop and whipsaw drop this morning. I had my sights set on 6 dollars as the pop, but it only went to 5.90.
it makes me think this target zone around 5.80-6.00 could be the finish of the rally for now. a decent rally wave from the 4 dollar base. it would be easier now as far as studying the technical chart, if we be finished with the rally here, and now we get to see the technical pullback,the chart is really crafted to follow that kind of track in my view. and if AVXL just somehow continues to climb higher here without any pullback, then it starts to get that bubble pump thing going, and then theres no tellless predictability as to how high it gets pushed,before it gets really hammered down again, and then when it does get hammered down, how far down will it go...its harder to anticipate the targets in a more volatile move. much easier when the price action just follows nicely along measurable target points,like what Fibonacci shows, and when the Elliott waves are finishing their pattern, that kind of technical road map,when price action stays closer to it,like now, would make following it much easier.
There are targets in the 6's for sure,and they could be reached next week,or not.
But right now, as this week ends, and the price appears to have hit a station around the target 5.80-5.90...now it remains to be confirmed whether this 5.90 will be a finished wave top or not.
IF it is...then the pullback targets can become active in play from here. easy caveman math for some of the measurements, like the 2.76 pivot low to the 5.76 topping zone...gives us a target zone around 4.25 area so I'd be looking at pullback zone 4.60-4.40-4.20. the 4.30 area,this would represent a retest of the breakout level. IF AVXL has a strong bullish momentum now, then maybe the 5 dollar-4.75 area would be the best bargain to hope for now. but one can argue from today's weakness at this topping station,that IF AVXL was really strong it should have at least hit 6 dollars today. to end the week slipping off the top,looks a bit weak to me.
I'd be happy to see a full pullback wave to retest the 4.40 area now, and get a chance to buy some more shares.
There are definitely wave completion targets in the 6.20-6.60 area and 7 dollars . so maybe this station at 5.80 is a wave 3 completion with a sideways wave 4 sliding along the 5.20-5.80 area for a few days next week,and apparently there is another conference next Tuesday right? so maybe we get the finishing rally from that to target the mid 6's...I would likely sell some shares there and take the money.
we both sold some too early at that first station around 5.25 (5.30) but that's what happens sometimes. I sold a little more too at the 5.75 station the other day. If it falls down to 5 dollars I might start buying a little but I'd really like to see what kind of selling attack the shorts and manipulators can generate now. I don't ever want to underestimate the power of the manipulators. They took it from 14.84 to 2.43,they took it up from 3.16 to 8.14 back up to 8.30 ,back down to 2.43 and now up to 5.90..... gee whiz, where will they take it next time they decide to slam it down. Could we actually trust that it wont ever fall below 4 dollars anymore??? are we supposed to look at 5 dollars as a great bargain now? I cant do that right now, I'm still seeing the 4.20 area in play. I don't know how or when the next short attack will come and what success they will have driving the price back down,but the chart is showing the breakout zone (4.15-4.30) area as still a target zone in play. The Fibonacci math is right there.
as I expected,we got a pop and whipsaw drop this morning. I had my sights set on 6 dollars as the pop, but it only went to 5.90.
it makes me think this target zone around 5.80-6.00 could be the finish of the rally for now. a decent rally wave from the 4 dollar base. it would be easier now as far as studying the technical chart, if we be finished with the rally here, and now we get to see the technical pullback,the chart is really crafted to follow that kind of track in my view. and if AVXL just somehow continues to climb higher here without any pullback, then it starts to get that bubble pump thing going, and then theres no tellless predictability as to how high it gets pushed,before it gets really hammered down again, and then when it does get hammered down, how far down will it go...its harder to anticipate the targets in a more volatile move. much easier when the price action just follows nicely along measurable target points,like what Fibonacci shows, and when the Elliott waves are finishing their pattern, that kind of technical road map,when price action stays closer to it,like now, would make following it much easier.
There are targets in the 6's for sure,and they could be reached next week,or not.
But right now, as this week ends, and the price appears to have hit a station around the target 5.80-5.90...now it remains to be confirmed whether this 5.90 will be a finished wave top or not.
IF it is...then the pullback targets can become active in play from here. easy caveman math for some of the measurements, like the 2.76 pivot low to the 5.76 topping zone...gives us a target zone around 4.25 area so I'd be looking at pullback zone 4.60-4.40-4.20. the 4.30 area,this would represent a retest of the breakout level. IF AVXL has a strong bullish momentum now, then maybe the 5 dollar-4.75 area would be the best bargain to hope for now. but one can argue from today's weakness at this topping station,that IF AVXL was really strong it should have at least hit 6 dollars today. to end the week slipping off the top,looks a bit weak to me.
I'd be happy to see a full pullback wave to retest the 4.40 area now, and get a chance to buy some more shares.
There are definitely wave completion targets in the 6.20-6.60 area and 7 dollars . so maybe this station at 5.80 is a wave 3 completion with a sideways wave 4 sliding along the 5.20-5.80 area for a few days next week,and apparently there is another conference next Tuesday right? so maybe we get the finishing rally from that to target the mid 6's...I would likely sell some shares there and take the money.
we both sold some too early at that first station around 5.25 (5.30) but that's what happens sometimes. I sold a little more too at the 5.75 station the other day. If it falls down to 5 dollars I might start buying a little but I'd really like to see what kind of selling attack the shorts and manipulators can generate now. I don't ever want to underestimate the power of the manipulators. They took it from 14.84 to 2.43,they took it up from 3.16 to 8.14 back up to 8.30 ,back down to 2.43 and now up to 5.90..... gee whiz, where will they take it next time they decide to slam it down. Could we actually trust that it wont ever fall below 4 dollars anymore??? are we supposed to look at 5 dollars as a great bargain now? I cant do that right now, I'm still seeing the 4.20 area in play. I don't know how or when the next short attack will come and what success they will have driving the price back down,but the chart is showing the breakout zone (4.15-4.30) area as still a target zone in play. The Fibonacci math is right there.
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