AI
Friday, May 26, 2017 2:10:36 AM
here comes the AVXL weekly 20ma
On some technical level, this chart picture, is a topping zone ready to collapse back down to test 4.50-5.00
Its probably staying up in the 5.50-6.00 area now because investors/traders are expecting good news to come. But if this was not a potential game changing biotech stock, but something more normal.... any big rally from 2.43 to 6.64/6.49 should get taken back down to test 4.50 area.
On some technical level, this chart picture, is a topping zone ready to collapse back down to test 4.50-5.00
Its probably staying up in the 5.50-6.00 area now because investors/traders are expecting good news to come. But if this was not a potential game changing biotech stock, but something more normal.... any big rally from 2.43 to 6.64/6.49 should get taken back down to test 4.50 area.
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