Saturday, March 11, 2017 11:32:37 PM
Tom, here is the nitty gritty IMO for AVXL.
http://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=4&dy=0&id=p19573574889
The over/under support/resistance zone is bottom of yesterdays candle 5.17 to top of long VbyP bar at 5.44. 8ema is resistance until it isn't which is currently 5.48 and dropping.
20day (mid bb) is rolling over and volume still dropping.
Without news it looks like sideways to more down. ADX black line is currently still reading the green +dmi and trend down is strengthening.
Price is currently still within the VbyP bar, but decision point is nearing. The downtrend line of 6.64 through 6.14 must be broken before any real upside can occur. Drawing a line at the top of the VbyP bar bar to the downtrend line creates a triangle and also shows the top of resistance that AVXL has its third consecutive close under/within.
This all sets up the battles to watch next week.
Be Green
Tried to stick to KISS principle.....lol, love your charts, just get lost or dizzy sometimes.
http://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=4&dy=0&id=p19573574889
The over/under support/resistance zone is bottom of yesterdays candle 5.17 to top of long VbyP bar at 5.44. 8ema is resistance until it isn't which is currently 5.48 and dropping.
20day (mid bb) is rolling over and volume still dropping.
Without news it looks like sideways to more down. ADX black line is currently still reading the green +dmi and trend down is strengthening.
Price is currently still within the VbyP bar, but decision point is nearing. The downtrend line of 6.64 through 6.14 must be broken before any real upside can occur. Drawing a line at the top of the VbyP bar bar to the downtrend line creates a triangle and also shows the top of resistance that AVXL has its third consecutive close under/within.
This all sets up the battles to watch next week.
Be Green
Tried to stick to KISS principle.....lol, love your charts, just get lost or dizzy sometimes.
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