123Tom's TA study group

[Citrati]

Tom, don't you find it interesting (perhaps mathematical for the algobots) that your fib #'s also coincide with the retrace low from 6.64 (which is 4.95) and the next market structure support/resistance VbP bar at 4.90. This zone between (your # is 4.93) 4.90 and 5.17 with 5.10 already being tested Friday is a crucial area for AVXL.
Confluences often have significant meaning. If price closes Monday below the current market structure support of 5.30 (again very interesting that another method supports your findings) or even 5.10 brings 4.93-.95 very much into play. Then Tues would be looking for a confirming close.
While realizing the overall fundamentals are solid, the reality of the short term is to pay attention to these lower targets for adding either to core or trading positions which could pay off nicely in the future.
Anything below 4.95 must wait until this zone has more price and trading data to confirm or increase the odds.
In this type of action scaling buys has proven its worth if one has the vision/guts to buy others fear when fundamentals remain strong.
Disclaimer: All IMO only and not advice or recommendation.
Best wishes. "C"
Keep up the good work Tom.