123Tom's TA study group

[123tom]

I do think AVXL can go lower still.
but it could also hold this support zone at 5.20 area. The next target lower would be closer to the 5.00
I still see targets in this chart down at 4.70/4.80 area. I don't know if the powers controlling price will bleed it down that far but they managed to get it to 5.17 so far. From here to 5 dollars would be a stones throw.

The up and down gyration of price action is like a see saw balancing act, trying to find the right balance point,between the forces selling price as low as they can, versus buyers accumulating at these prices. Its always a guessing game but there are technical targets being pursued.
If I find the target zone, and it starts at 5.50,and steps down every 10 cents all the way to 4.70....somewhere in this playing field will come the final low as a bottom. This latest pivot low at 5.17 could be the final low, as was the 5.25 the previous day ,5.30 before that and 5.40 before that. The key at some point will be to ALSO watch the bounce we get now, how high it goes before it hits Resistance again, and gets taken down in the next zig zag. The resistance overhead has stair steps too. and the steps from 5.40/5.50/5.60/5.70/and 5.80 are the most magnetic now for a resistance to cap the price and try and sell it down again. I would not feel like rushing to buy at 5.40, I wouldn't chase price higher here, I'd wait and watch to see what happens around the next bounce as it hits the 5.60-5.80 resistance level and see if it gets hammered down Again. you could get bargains again at 5.20 or lower still. For investments, this 5.20 area isn't too different than 5 dollars. If you have enough core holding as an investment already theres no need to buy more here, if we do get a lower low that hits 5 dollars then you have a better bargain to buy and if it falls below 5.00 there would be better bargains there too. 4.80 area maybe. I cant say it will definitely target those low targets. Price could hold strong right here at 5.17. but that also was the case at 5.30 and 5.40 and they Failed. The Powers had no intention to make those targets the "Low" which makes the odds better that they have their eye on 5 dollars. The charts I'm drawing lately are looking more downward than upward right now, strange as that sounds. and as long as theres still a week coming where the powers have some more time to take it lower,I think the odds are better than 50/50 we might see the 5 dollar target get hit. I started buying a few shares at 5.32. I'll buy some more at the 5 dollar target.

Heres my latest geometric chart picture that centers around the resistance shoulder at 5.80

There are many different angles from which to draw a chart and see what things look like.

After such a big surge from 4 dollars to 6.64,I believe that if there wasn't a news cycle coming in 3 weeks, AVXL would have certainly been slammed down to the 4.30 base all over again....but right now,its tricky,the momentum for the news cycle is holding AVXL so far at 5.20 area. even that is lower than the Fib retrace which should have found support at the 5.40 and 5.50 steps. The force of selling and manipulated bleeding down has been stronger, and the powers could take it to target 5 dollars in my view. The key is to watch the next bounce if we get one now, and see where the hard resistance kicks in.