...drops to 4.02 this morning...
AVXL made an immediate strong bounce to the 4.27 step (4.25) a 25 cent move. now trying to hold support at the 4.15 step.
That resistance wall is now at 4.25 area. has been for several days now. (4.20-4.35) 4.30 could get hammered back down, 4.20 can, 4.25, 4.35, all the same to me. its a resistance zone.
This morning's bounce has a chance to take off from here and really needs to do it, coming off this 4 dollar step, there isn't going to be a better or more critical place for the downwave to hold than here at 4 dollars.
This moment in time will say a lot about what the Money powers intend to do with AVXL in the coming days and weeks. IF they want to engineer a good rally, for whatever reason, now is the place to do it. but if they bounce it to the 4.25 resistance zone and smash it down again, (like today,like yesterday) then it wont become a rally at all, and if no rally from the 4 dollar support line, then it means they want to take it below 4 dollar. or else make another half dozen bounces off 4 dollars,up and down...for whatever reason. I think the lines of demarcation are clear in the picture. price must surge thru the 4.25/4.30 barrier, and become an upwave targeting the higher steps, at 4.55/4.65/4.75 etc... to get away from this resistance zone at 4.30 and the danger zone at 4 dollars. The powers are flirting with danger here at 4 dollars. plunging below 4 dollars could trigger a cascade that targets 3.80 for sure, then 3.60 3.50 etc... It wont be any easier for them to hold support at 3.80 than here at 4.00
AI
