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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.
@sab... I am starting to see the
22.00 zone developing as a support area
(22.25-22.00-21.75)
upward targets 23 and 24,I agree. but need to see 22 area holding now
yes, decent bounce today
and looks a bit like a small breakout. I think it changed the momentum from down to upward, but careful to keep watching tomorrow. Its moving towards key resistance area now (22.60-22.90) if it climbs thru that to target 23.00 thats a bit more bullish. I'm looking at a finish target zone around 24 for this pattern, so at least a good rally reaches the previous top zone 23.50-23.75 area with a hope for technical 24 target.
Looking for support to start holding around 22.25-22.00-21.80 area now.
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Looking to target 23 area and hold 22
AVXL chart
AVXL daily
My 50% Fib retrace target is around 20 dollar area.
measured from the 16.60 area to the wave peak at 23.60 area. a 7 dollar move.
Fib retrace target zone
There is another Fib target zone to plot, from a previous rally, that has the finish target around 25. I'm debating whether the wave pattern has changed today with the lower downwave. Failure to hold the 21.75-22.00 area was a tell for me. and now after hitting the 21.00, we'll see what kind of bounce into resistance might come. but I think there may be more downwave to this track in the next day or two.
A 7 dollar rally has turned down and fallen 2.70 already. watch out for the resistance shoulder zone overhead. to generate another 2 dollar downwave.
AVXL grid
My last post was sensing 2 dollar moves down, 1 dollar up, 2 down pattern. I think we see the 2 dollar moves so far. maybe a 1 dollar bounce into resistance and then more down. This second day of downwave seems to me a drop too far to call a wave 4 slide, that would turn upward into the finishing wave 5 to target 25 area. I wanted to see that wave 4 holding around 22 area(21.75-22) but it failed today and hits 21. Now, the bounce from here (20.75-21.00 area) has a resistance target around 21.70-22.20-22.50 area and the resistance zone there could turn down again. IF the rally finish was the 23.70 peak, then we have a 50% fib around 20 dollars.
and the Fib target zone would be (20.85/20.10/19.25) These are the next targets I'm watching to complete the pullback.
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While thats my basic Elliott wave pattern I'm watching... it is possible that this pullback to the 21-20.75 area could make a big bounce back up strong and manage to retest that Wave 5 target at 25 area. but my bias now is leaning toward the ongoing downwave to finish falling to the lower targets closer to 19.35/19.70/20.00
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AVXL making the pullback
In my view the peak at the 23.50 area is the finish of a Wave 3, with wave 5 to target the 25-27 area. This wave 3 "should have" held more shallow wave 4 slide, maybe to hang closer to 22 area. This difference between a shallow slide holding at 22, versus todays deeper downwave to 21 might be enough to change the wave pattern, to change the count, from a wave 4 slide, to redefining the pattern as a shorter Wave 5 completed at 23.70 // Or , as an ABC correction wave that finished at 23.50 area. It was a good rally of 7 dollars , from 16.60 to 23.60 area. The 50% retrace would be the 20 dollar target area.
IF I am wrong in my counting of the EWave pattern here, it would be that the wave 4 is still ongoing and the next rally can surge and climb from here to achieve that 25-27 target zone.
IF I am correct in thinking the EWave pattern has now changed, then the finish at 23.70 , "should be" looking to continue down another leg, to get into that Fib retrace zone (20.75-20.00-19.25 area)
and we can see what to think in the coming days if that happens. I'm looking at the extreme downwave target for the moment if selling momentum takes over, watching for the 18.70-18.50 area to hold the line. for the current picture.
But thats looking too far ahead at the moment. Lets watch it step by step and see what the next 2 days does to finish the week. Big disappointment today to see the selling take over. I was looking for a jump at the open to try and reach 24. as a selling target. but no. they took it down from 23.50 and 23 dollars. It feels to me like looking more downward now.
nice charts
russell looks more volatile in that plunge down.
another look AVXL
AVXL / will 22 hold
I think 22 area is critical to hold in this pattern. a wave 4 looking to rally to target around 25-27