123Tom's TA study group

[Citrati]

I pretty much agree with the 'flat" description of the day today for AVXL.
It did slide back inside the lower bb but really did nothing important to improve the chart.
Since price remained between 4ema and lower bb, given the angle of both the downward trend is still active.
So as not to appear overly negative the rsi and adx green are neutral. The black adx trend line though is reading the red line and shows increasing strength.
No man's land right now or those scaling in or those flipping with tight stop.
5.50-5.60 is becoming stronger resistance when the reversal comes.
Where's that news. lol. It needs a kick in the rear. Any kick will have to be new news cause so far no runup occurring going into 21st.
All IMO.