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Re: 123tom post# 4704

Friday, 10/06/2017 7:02:25 PM

Friday, October 06, 2017 7:02:25 PM

Post# of 11444
Another look at the AVXL picture...



On the daily chart, the 50ma at 4.25 is set up to possibly develop as a "support line". On this Weekly chart , the 50ma and 20ma are around 4.80 to offer resistance. in a resistance rollover zone.This is the playing field for the next major battle, resistance at 4.80 and support at 4.30. Resistance is a zone from 4.65 to 5.05. 4.85 is a big target zone. But it also represents a 1 dollar rally from 3.80 to 4.80. and IF the powers intend to create a rally., with these mathematics, the greater rally has those finish target zones at 8 dollars, and at least to 6.40 area as a Wave 3 finish. (wave C finish) Otherwise, anything short of this is no rally at all, but just a wallowing in a resistance rollover zone below the 200daily ma, at 5 dollars. and we could see AVXL slide sideways between 4.80 and 3.80 for the rest of the year. or 4 dollars and 5 dollars,in a range.

extreme bottom target zone looks like 3.50 on the chart. ok to accumulate, but a capping controlled delay smothering of any rally pattern that has developed since the 3.33 Bottom. instead of a good rally from the 3.33 "Bottom" we would be getting a Controlled Range pattern from lets say 3.75 to 5.00.

IF AVXL is not ready for a genuine good news rally that targets 6.40-8.00 area...then we just might see that Range pattern from 5.00-3.80 for some time. ...and a key target for a resistance ABC pattern topping zone would be around 5.75 area. Maybe a greater Range pattern would become from 5.75 to 3.75
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