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no not weird
I'm not an expert on the trade rules of wall street exchange, but I do know that there is an automatic trip meter that activates when a stock plunges too far too fast. and then they put a governor on it for a period of time, sometimes the rest of the day. The rule can be read when you click on the "B" or see what that "B" designation refers to. it's the automatic halting
it still seems to be doesnt it.
I guess it's safe to say traders who decided to take some profit at 23 made the smart decision ? even the bounce from 22 to 22.50 was also the last chance for this wave profit. I saw the peak around 23.and decided to watch the support to hold around 22. Then the 22.50 was the last chance . So selling a few hundred shares at 23 and buying them back at 17 gets a trader a few thousand dollars profit.
The track patterns I'm watching
AVXL thru a Fib lens
AVXL Fibonacci style chart
AVXL chart
Aside from what Ive been able to calculate with the Fib tools, and the Elliott wave count pattern, my gut feeling sees another small wave down to target 19.30/19.00 area and finish this downwave. I could be completely wrong here. as the current low around 19.80 is also a magnetic target for a finished pullback. A major collapse AVXL style could bleed down to test 18.50-18.00 again. I cant predict what the next move will be. Looking to the upside from here at 19.80 Holding, could climb back to retest the 22.00-22.50 area and strive for 23 area but I think the resistance along the way will have to be carefully watched around 22.00-22.50 as a possible finished target for November.
The previous patterns from the 16.55 Bottom, to the 19.80 top ,that wave was suggesting a finished pattern target around 25. and to fail at 23.70 was not the best showing for the bullish force. Now the downwave has fallen almost 4 dollars so far. and the question for me is , Has the bullish momentum for AVXL changed in any way stronger to suggest odds favor a better support holding that a full retrace to the 17's again. Would it hold at 19 now? Would it fall back to 18.50 ? Could it rally back to 23? I think that IF we see a quick surge early in the week, that targets 22.00-22.50 I might have to play the odds and trim some trading shares.
A question for you
If you were to step outside your current lens for a minute, step back and would you be able with your pattern formulas be able to see or visualize what the chart would look like,what the downwave target zones would be IF we start to see a big market crash in this current cycle. Can you see any toppy areas where it would start? and what would the pattern look like in the big downwave?
I was just drawing some lines for the S+P
S+P 500
well it made a key climb back up to retest the top. That would negate the downwave pattern developing, if you consider the resistance levels broken to the upside.
around the 4680 resistance area,S+P might have started the Wave 5 rally upon this latest climb to the top again. This is one scenario. Another one, bearish/neutral would run on a channel down to retest the 4630 pivot low,as part of an ABCDE/Wave 4,so thats one to also watch .and from that low ,then a Wave 5 rally? or failure at the 4675 resistance zone.
It looks like this wave range here has been 100 points basically. 4725 to 4625,roughly. which could mean a 162% rally wave would target 4880-4900 area as a finish target for wave 5.
IF we see a short pullback to retest the 4680 area and then a big surge back up to and thru the 4730 peak, then I think that would suggest the Wave 5 rally is happening, and I'd look for finish target zone around 4880-4900
so we have a few different track patterns to watch.
Have you heard of Nikola ?
NKLA set up now looks like entering a retrace buy zone
One more drop for me, maybe at 11.90-11.70-11.50 area.
NKLA
https://insiderfinancial.com/nikola-stock-buy-the-dip/180178/
DSGT big pullback today. half way to my buy target now. would be happy enough to buy some around .20-22 area
another stupid typo by my laptop
3 Gorges Dam watching for collapse and flooding
a new stock pic to watch?
https://www.regenbiopharmainc.com/
ticker RGBP
I entered a small position today at the bottom, 0.0201
My target zone 0.021 -0.017 to buy some.
Upside target area looking at .05-.065 area
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My number 1 focus now is watching for market collapse signals. China watch, war, Evergrande bankrupcy, Trump election fraud resolution at Supreme Ct. # Gorges am collapse. Bitcoin collapse. many black swans to watch out for triggers.
AVXL downwave
AVXL
flowing in 3 different downwave channels to observe...
typo AVXL
I said 20 is resistance now, I should have said (20.50-20.80 area)
AVXL downwave.still looking downward?
sab, whats your latest view of AVXL price action
It looks to me like its following my fib target track patterns downward .
19.80 target today. 20 is resistance
2 dollar moves down, 1 dollar up... I could see from todays peak at 21.38, 2 dollars down to target the 19.30 area. But this low zone in the 19's. 19.80/19.50 area/19.30 area and then 19.00 have looked like key target zone on my charts for many days since the capping at 23.70
DSGT targets up and down
My chart just erased on me.
but I am thinking the 50ma as well. but I'm seeing a zone .26-.22 area for a pullback. to buy some. and I see the overhead resistance right now at the .35-38 area. There are targets around .48-51 and a finished math target around .70-.75-.80
Whatever made the surge go all the way to 1.50 seemed way too pumped. and look how it collapsed down to 11 cents. I like 17 cents as a bottom and around .75 as a top for this cycle. the doubles are showing 17 to 34 22 to 44 area 36 to 72. 25 to 50.
you definitely should try to talk with
Citrati... he day trades the NUG and DUST. or at least used to alot. also the VIX. I think.
I started to learn it but like so many aspects of trading/investing, it takes a lot of learning and then a lot of practice. I was watching AVXL make such big moves up and down ,it seemed I could make money just trading AVXL. so it was a more comfortable ballpark for me to play in.
Maybe DSGT will hit a wall around .35 and make that pullback we're looking for.
Send, you'd get a better answer from Citrati on that question.
He does good fundamental DD. I used to own about 15 junior miners and 3 or 4 majors, gold and silver... when I was gung ho in 2010 as that market went surging, and I was still buying some when it was collapsing down a year and a half later, it was a terrible grind to watch the long slow collapse from 2011 to 2016... and I managed to average in ,up and down, and got rid of most of them close to break even but also lost a fair amount on losers that never recovered. They sit in my portfolio like broken down cars in the back yard... so I learned a few lessons along the way. Now, I only own 1 miner thats done well, PVG, but it just got merged with Newcrest, waiting to finalize. and I have 2 leftovers that havent completely died, but theyre still in a coma. and I own Sprotts Gold trust PHYS. I could buy some PSLV if the price drops into the 7's.
The junior miners and explorers are a lot like the baby biotechs, they soar up when they do, and get collapsed right back down, and they get hyped and theres a lot of passionate gamblers hyping their favorites, and I'm glad I got away from that circus a few years ago.
Since AVXL entered a new cycle of success this past year,Ive just focused most of my attention on that. I could be interested in a few more biotechs,and maybe a few miners if there are any exciting stories.
I think Citrati still likes Corvus. I think Corvus is very top heavy right now,around 3.30 and ripe for another big haircut.
Several of us here have had a lot of interest in the metals and miners. and I suppose the love/hate relationship we have with it .
store of value. I dont like crypto coins, especially bitcoin.
so if there are 5 catalysts to happen in the next 6 weeks
thats good info to know. To me it means watching the price action is now very relevant, because the lower it goes now, the better the bargains will be to buy. If people have strong expectation for very good bullish news in the coming month... then this downwave happening now could become the best chance to get some more. so what price target looks like a good bet? is it 21? 20? 19?
Your vision is a good counter point to my current view of markets. I can see what youre saying about the bullish look of charts and I often try to get a future feel for it like youre studying now. I dont want to rule out a continued rally into Christmas time. we all know about "christmas rallys" . But in terms of the big picture of markets and global politics and war tensions, I think there are some big black swans waiting to create chaos in markets and political power structures. The Giant realty company Evergrande in China is going bankrupt now, and could cause a big collapse in markets in China and the ripple thru the world. Wars,rumors and threats of wars are happening in the world, another black swan waiting to trigger. Trump could be reinstated when the election fraud is finally revealed by the Military. Many catalysts for a market crash coming. So thats become the overriding
factor in my mind these days, wanting to be very careful now. I like a few stocks waiting to buy these bottoms we're looking at but I really want to stay focused watching what happens in China and the black swans setting up.
I'll just post these 2 websites. They are a fountain of intel insights.
https://beforeitsnews.com/
http://www.rumormillnews.com/
@pcguy, thats an interesting question
for chart analysis, makes for a good discussion. we can have that better at my TA forum rather than mess up the AVXL forum.
But the simplest description I can manage here is that I like to experiment with a bunch of different construction points,just to see how it connects to other points. Drawing parallel lines...do they connect to important points, etc... I usually draw around Fib target points and the obvious support resistance points.
There are often some good clues that take shape when you experiment with the placements. I also like to construct some lines that would be possible future connecting points. Like right now, the constructions I'm drawing now are highlighting the 22 dollar area as a resistance zone to watch out for capping. Its all an exercise of trying to fine tune the microscope in a sense.
The most interesting thing that happened today in my view, was the opening 2 or 3 minutes, that shot up to 22.50 and then down to 20.80 or wherever it went, and then climbed back to level again and then settled down to climb small steps up. It seemed to me like a test of the pressure from the MM's. I will ignore the blast up and the plunge down.,
If you click to enlarge this messy chart it will show all these lines Ive drawn. Mostly for my own exercise. But if you looked carefully you can see how every line connects to a key point.
lotsa lines all connecting
AVXL is crafting an Elliott Wave 4
bear flag.
maybe 1 more wave down
me too...
down 2 dollars from here would be a nice target to buy some.
I like the same kind of chart patterns.
Yes, thats just about what I do too.
I noticed the similar chart patterns to AVXL.
I think I could start watching DSGT and RGBP for the next pullbacks.
maybe .02 on one and .20 on the other.
I was just reading this about the Electric vehicle sector.
Insider financial guy is very interested in it.
https://insiderfinancial.com/dsg-global-an-ev-play-with-huge-upside/180528/
DSGT chart
AVXL thru the Fib lens
Fib arcs
no kidding...lol
one more chart for fun
AVXL daily chart
The rally pattern continues pointing to 24.50-25.00 and a christmas gift would be 26 maybe. or maybe a bag of coal at 24 capped.
ok... I will
I agree. though I'm not
a big "volume" guy, others think volume is critical. but when I watch volume as big plunges go down, I see small volume, medium volume, it isnt always the holy grail of price action.Ive seen big jumps on low volume too.So,I've realized the more important clue for me is the target price. However it gets there.
In any case, so the past few days is a good example. as the rally was developing and it was looking to target the 23 area, and starting from the 21 Low pivot, it was just simple math to see the 50% Fib for support zone to hold around 22, and thats exactly what it did today. Needs to keep holding next week as well. The Fib zone is 22.30(area)-22.00-21.70(area), so I'll watch this whole area to hold as a support shoulder. There are also patterns like the 1 dollar moves and 2 dollar waves. so if we see resistance here at 22.50 ,I could see a 1 dollar wave down to the target 21.50 area.
and all this without even thinking about volume.
Maybe breakout moves do need good volume.
The math projection targets though, are just part of the formula. the kind of thing computers look at.
So now, we saw a 2 dollar rally from 21 to 23. and the pullback to 22. IF the Elliott wave pattern happens here to develop a greater rally, the 2 dollar first wave (1), ought to see a Fib math target to finish the rally around 26. Ive charted other patterns that have been waiting to finish at 25 area. Its all just something interesting to look at .
But this week developed in a way that made me suggest the main point to watch now was for support to hold pullback around 22 area, and this is exactly what it did. so far so good ,following the math track pattern.
For next week, the same target support zone to hold (22.35-22.00-21.70 area) and the rally target zone 23.25-23.50-23.75-24.00-24.10- to 24.50 maybe? but the older waves in the larger picture want to target 25.
not discussing much political global stuff
mostly we look at charts and TA...You would absolutely hate my forum.
The caution I have about AVXL
from years following it, the pullbacks even in the present time, have almost always been down to the lowest Fib targets. I rarely would see the 38% hold support.
and also the rallys often get capped at the Wave 3 zone (the 38%/24% area) so I have learned to be cautious in my trade targets.
Even though we seem to be entering a new cycle for Anavex success, and the chart price levels are more like 15 to 30 rather than 2 to 8 dollars. The way wall street plays with AVXL price ,seems to have changed little.
In Contrast to the S+P ,which I notice very often pulls back shallow, to the 38% and then rallies strong.
Nice analysis ,Sendme
Interesting. If you can stay on top of this ,it might be a good pattern to watch in the coming weeks
yes.
its just a free IHUB forum.
havent you been there before?
Better for you to post trading stuff at my forum instead of here. This forum wants to focus on science more than trading AVXL, and I'm ok with that.
I do my own diligence with TA and also looking at the Global political conditions these days.
What could be the next black swan that triggers a market crash. could that be in the near future?
not sure what your thought process is
I always continue to post my charts and analysis regardless of. and I havent made any firm decision not to trim some profits or buy the bottoms or major dips. I have a small amount of trading shares and a large core I dont trade. I'd like to trim some trading shares at 25 to 28 area if it gets there. and I could buy a little around the 19-18 area maybe.