a nice break thru ,wasn't it...
right thru the slot ,for a 50 yard gain.
this looks like a good bullish day today,C
what happened at 10 am ,to start the engine, anything?
a little slow in the first half hour, jiggling around the 5.65, then it makes a climb to test the 5.70 area, stair steps up to 5.84,then HOLDS strong at 5.70 and then 5.75 that resistance line became a support line today and it took off some more from there. that was the bullish strength today,turning the 5.70/5.75 into a support line. now same with the 5.80,and those support lines need to hold again from here. climbs up to test 6 dollars ,and it was a good bullish day,so far. but this 6 dollar line is also a big shoulder level from recent past waves...AVXL has to continue with this bullish move, don't stop here and admire its nice move...this 6 dollar zone is not the place to take a lunch break. the selling force would be watching and waiting for the first sign of buying dried up, and profit taking could begin here, I don't know what the power is that is moving the price,my belief is that its the big money manipulators,they decided to buy today and push it up. If they stop here at 6 dollars its begging to get manipulated back down, and we could lose todays gains. right back to 5.50 again. a bullish pullback now,would hold strong at the key 5.80/5.75/5.70 support line now. the next 2 days to close the week, would we see some churning around here at 6.00-5.70 , but if that happens for a day or two is ok, and then we need to see a continued climb to test the 6.30-6.60 peak zone,that has targets to 7 dollars. this is the chart picture I did in my last post. that would be the completed 'wave 3' here,in the coming days. Today was the first good effort to develop that 'subwave 3' . well done AVXL ,today.
AVXL did exactly what it needed to do to make the follow thru rally continue.
