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maybe so...
why do you think its nonsense. please explain
Another 1 dollar move in a zig zag range box still stuck in this range box at 19.
Math targets in a climb are looking now at 20.20 area and to finish a full wave at 21.50 area IF it gains the necessary momentum to become a rally wave.
The larger Range box remains 17.50 to 21.50 area
tighter box looks like 18/19/20
IF the market collapses, what would be the panic target bargain to buy for AVXL ? back to 10 ? maybe 8 ? or lower?
nicely said
I agree
BUT just in case....I'm keeping an eye on the 3 Gorges Dam in China and bitcoin both collapsing. It would be a trigger possibly for a market collapse. we could see AVXL give us a chance to load up at panic bargains.
Insider intel
global economic reset, cabal takedown, white hats/Team Trump winning, storm is upon us,be prepared.
https://www.rumormillnews.com/cgi-bin/forum.cgi?read=182001
S+P 500 chart
through the Fibonacci gyroscopic lens
Pointing at upward target 5600 eventually.a double from 2800. and the Wave 3 peak around 45-4800 that could be finishing any time soon. and if we get a crash now, a plunging collapse to target 3600/3500/3400 and down maybe to 3200 area. I'd be looking for the support zone 3600-3400 first.
I'll call this chart "for entertainment purposes only"
Its like coney island cyclone
I agree with your thought.
exactly. it is hard to buy more at these prices. I'm not really even interested in 16. maybe at 15 or 14 a few shares. but what I'm more concerned about these days is the possibility that we could see a market crash happen. Intel insiders are forecasting it. in the coming days. not weeks, maybe days.
Watch the indexes. they are already wavering downward from the recent tops.
I agree with you
A reasonable point you make.
Since the time over the past 2 or 3 years when Anavex developed as a positive investment, the only reason to sell is to ride the tradable waves,and to buy the best bargain lows. Now that the successful development is more promising, and the share price has gone way up,it becomes even more important for investors to try to buy best bargains. In my view anyway.
The zig zag in the range
continues and leaves the picture unchanged for today.
Range 20.25 to 18.75 / 21.50 to 17.50 / 20 to 19
Centered around 19.50.
A more immediate price action zone looks like 19.80 to 19.30 for resistance and support is 19.00 to 18.50
simpler chart to see
AVXL
here's your next chart nicholast
Please dont operate heavy machinery while looking at this.
the whole kitchen sink chart
...the technical price movement
has been running sharply along the math track pattern
this week. From bottoms to tops and now from today's low at the 19.10 support target, the 50 cent bounce is set up a chance to develop the support shoulder at the 19.30 area if a rally wave wants to develop from this 19.10 low.
To retest the previous peaks at 20.50 / 22 / 23. Etc
You too,my friend
The insiders word is to watch out for a possible market collapse in the next week or two. As the new global financial system replaces the old one. New quantum financial system .
so we got a rally this week
that climbed to 20.65 and then pulled back. my target zone was 20.75-21
so its close enough.for the target but then the pullback that looked like it had a chance to hold support at 18.65 the other day.... was a key to watch for me, because a shallow retrace like that (yes,shallow is 1 dollar these days) but shallow would have made the pullback look like a wave 4 that had a chance to bounce into the wave 5 climb to target the 21/22 area, and as I'm looking at the math chart, theres a big breakout energy above rge 21,and it could have generated the bullish breakout momentum. but what we got today instead, was a greater downwave that looks to be testing the 19 area. To me that means the peak at 20.65 is a finished rally wave and now we can start a new math measurement. Support is watching to hold at 18.65-19.00 area
AND it also means that we are Still stuck in the Range zone (17.50-20.50) so far. all my opinion. I could be proved wrong
excellent
well said
green bubbles to all.
I might agree with you
Today we got a possible rally finish ,with the opening fake out pop to 20.65
and then it gets taken down 1 dollar. to 19.65.
Still zig zagging in this same zone.
we could see some capping resistance overhead around 20.15-20.25 and then the next dollar down. target 19 area . extreme looks to me like 18.80 for this week. Its all still in this Range zone with this pull back. I sense the bearish and bullish tone is about equal.
It really has to break out above 21 to become more of a bullish rally picture.in my view.
Price action today
is following the technical track pattern I described yesterday. Watching the pullback now to see if it will hold support zone 19.50-19.00 area
I was looking for the rally target zone at 20.76-21.25 area but it fell shy by 10 cents. its possible it could hold here now and bounce again to target the 21, and then zig zag pullback down to test the 19.25 area.
lets watch for that
as price hits more resistance here, around 20.(20-21)
I'll be watching the pullback support zone to develop around 19.00-19.50 area,and critical support might be around 18.50
IF the new direction would be sustaining the upward climb.
mystic, today was a nice
continuation of the upward move, but the picture I see is showing the last peak was at 21, and fell back to 18. as part of the Range pattern ,zone we are still in, just at the top end of it. I cant say it has broken out of this zone until it targets 21.50-22 area. I'm seeing the math target now looking at 21 area. So its still uncertain at the moment. I like that support steps held at 18.90 area. and some momentum is climbing higher,but we're still in the range zone to 21. We'll see a better view of things in the next few days as the week plays out.
too soon to say right now.
support held at 19.
so far so good. but heading into resistance capping zone.
yes, I see that too.
and I'm hearing some insider intel people saying we could see a market crash coming when some escalation of global chaos happens. like the 3 gorges dam in china collapsing, the collapse of bitcoin, etc, or war somewhere, all part of the political war theatre happening. Investors might need to pay attention to the greater market and the global political developments going on.
As an Anavex investor, I certainly dont want to sell any shares at this point, but I know it can become a tricky path to navigate in these uncertain times. IF we see the market crash, what will happen to AVXL share price. a black swan could plunge AVXL back down to 10 and maybe lower. great news can surge it to 30 easily, and higher targets. It will likely go there some day but if we get a market crash before that happens, we will have a chance to buy crazy low prices when the bottom is reached. but it also takes cash/dry powder to be able to buy more.
The chart now, is showing resistance shoulders at 22/23/25/26 and 28 area. even here at 20/21 is a resistance area to watch. These are cautious times happening in the world now,and folks are well advised to pay attention to the greater market concerns.
so far so good
to the next targets.
I'm looking at a retest of the 21 area (20.75-21.25) for now.
on the math chart.
but its climbing here thru a resistance zone,there is always caution it can get capped at any time . IF it reaches the 20.80 target area,I'd be looking for a pullback to hold
the support zone around 19.50-19.00 area.
but even a rally that reaches 21 is still in the Range pattern zone if it caps at 21 and falls down. A breakout rally needs to break past 21. to target 22 and 23 area. in my view.
climbing through the resistance
where will it get capped
Breakout? not sure
I think its too soon to tell. The range zone is 17.50 to 20.50 , theres one inside of that from 18 to 20, with 19 is the middle.
I think as long as the price zig zags up and down within this Range, there isnt any breakout yet. but we will see.
A look at SAVA
bouncing
and it looks like this
from 18.30 to 20.20
and then pulled back to retest support area.
Zig zag stretching to the Range edges, but remains unresolved in the middle zone.
very interesting bio.
I can think of a few good questions for you. Please feel free to visit my forum. its easier for us to talk there and not be off topic.
(just type 123tom in the search box)
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Yes, the fundamental science experts here are doing such a great service to the forum.
Do you have any gut feeling about a possible market crash coming?
You wont find this chart anywhere
but here
AVXL colorful bubble targets
a pretty chart
AVXL targets up and down
Thats a great post,sab
so youve seen it all since then. I could tell you sounded like a professional in the business.
I'm a relative newbie then, started in 2008 just after the crash. We had our investment portfolio managed by my wifes accountant. and he botched the whole thing. had us invested in some stupid things because he received a good commission. We didnt know anything back then, but I convinced my wife to let me manage it and then I learned fast and furious, studying about 10 hours a day .
and still theres so much I dont even know. The only thing Ive got a good handle on is chart analysis.
What do you think of Elliott wave. It became popular with Prechter about 20 years ago didnt it? do you think it worked better back then ? or is it different now ? I find it still seems viable as I watch the patterns, but its very tricky to get the right feel for. counting the waves and counting them again on different time scales. its a complex thing to look at.
I think of it also in terms of its relation to a 'rigged' market system, a computerized trading system, and logic tells me that in a wall street trading system,the computer programs must likely include Fibonacci math into the algorithms, and maybe Elliott wave patterns play out in some way as well. so I construct my charts with these tools along with a few other things.
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Were you a fan of Joe Granville at all
yes, there is some kind of
gap down there.
I'm also starting to think about the possibility of how low could AVXL fall if we have a market crash. and alot of people are talking these days about a global crisis, market crash, food shortage, etc etc, many ports are backlogged with cargo ships sitting unloaded. The latest giant port in china just shut down. Things are getting worse and we havent yet seen the impact, other than we're seeing the price of food and gas going way up now. But if the stock market takes a dive like 2008 could we see AVXL fall back to 5 dollars? 3 dollars? maybe 8 or 6. I have barely begun to imagine what kind of plunge will happen.
But the idea of a market crash coming soon is very possible.
Thanks for the input,Red
I might look at SAVA for a bit, and consider what youre saying. I can factor that influence into my AVXL chart. It might mean I need to shift my bias a little more to the bullish direction.
IF investors who sold some of their SAVA would put it into Anavex, and we see the evidence of more volume, maybe theres a correlation.
AVXL has been sliding sideways for a month...and centered around 19 as a middle point, is waiting right there now to see what next week has in store.My bias is pretty neutral at the moment.
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Angled slightly upward
but the bottom zone at 17.50 seems still in range to me.
and poised at 19
right in the middle of the zone, the triangle terminal, still unresolved after another week, but sitting at the ledge. inflection point.
I think the resistance at 19.25-1960 could send price down to test 17.50 bottom again, but 50/50 odds here, price support at 18.75-18.50 could propel a 2 dollar rally to retest 20.50. Anticipating some positive news if there is any coming would be bullish and no news could mean more bleeding down.
This whole month has been a zig zag zone and remains unresolved in my view.
Monthly chart
Chart with lines and arcs
messy chart
not trading here either
Technical track pattern
Price gets capped at the 19.60 resistance area and down it goes to retest the 18.60 critical support area.
zig zag pattern continues,unresolved.
but there is a 2 dollar move waiting to happen. The downward move might be 19.60 (already started) to 17.60 retesting the larger Bottom. The upwave move might be 18.60 to 20.60. and even if these 2 dollar moves stretch the zig zag zone thats all it does, it doesnt break out of the Range zone, it just stretches the price to retest the boundaries.
A break out move would be a rally to 22/23/24 area and a downwave move might start hitting 17 and into the 16's. The larger picture has a major shoulder support zone around 16.50-16 area. and the larger resistance zone has 22/23/24/25 and on into the 28 area.
Great news could propel price to 30 area for starters.
but for now, the zig zag gyration is just doing this dance.
the zig zag dance
it might even be a 3 dollar rally. or downwave. 21.60 or 16.60
S+P target at 4550
crash target 3000?
3100-3400?
Crash targets
just a follow up.
While the technical chart is showing uncertainty in its current direction, if the news is developing something very positive,at some point (maybe soon?) the technical chart would become shattered,as a big surge takes place. I dont want to lose sight of the developing science and news that could come. I'm just showing what the price action is doing. a zig zag dance up and down that looks to me unresolved around 18.60 and 19.60 capped around 20 and support steps holding around 18.60
There have been some bullish clues and some bearish clues, and the strictly technical analysis has to call this picture neutral and unresolved around 19 area. There could be a 2 dollar move in either direction coming next. A downwave from 19.50 to 17.50 or an upwave from 19 to 21. on this technical chart.
The fundamental sentiment has to be considered very bullish as we know. but we continue to see wall street trading selling down the rally bounces. and leaving the price stuck in this zig zag zone.
The chart might offer some clues for finding best bargain lows to buy more.
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and on a side note, The political insiders have been sounding warnings about an imminent stock market crash coming. I do think its time people start considering this possibility. and have a plan in place. have dry powder cash in the account to buy crash bottoms if it happens.
If the price movement of AVXL
is influenced that much by other stocks, I'm not tuned into that element very well. I suppose the sector influence does have some impact, but mostly I'm just looking at the AVXL chart itself.
Sometimes Ive looked at the XBI to see if that offers any clues. but mostly I am getting decent clues just by watching the AVXL price action.
Today, in my view, we are seeing the ongoing price action battle continuing, unresolved. in this zone between 19.60-19.80/20.00 and 18.00-18.50
centered around 19 area. zig zagging in this zig zag wave 4 zone. As long as price stays under 20 area and doesnt climb successfully into 21/22 area, we have this unresolved zone between 18 and 20 , unresolved, but with a downward bias in my view. why downward? because this zig zag zone is an Elliott wave 4 pattern, which would suggest its waiting to get capped again at the 19.10-19.50 area and turn downwave into the Wave 5 downwave that ought to retest 18.00-17-16 area to finish the pattern. I cant predict this downwave will happen, but watching patterns play out, you get clues along the way. Todays clues were mixed. the opening plunge to 18.65 was bearish to fail the 19 support step and the 18.80 support step. To hold the 18.65 was ok as neutral. The strong bounce back up to test 19.80 was a bullish energy.the pullback all the way down to 18.88 was a bearish energy,in my view, and it finishes the day around 19. So I'll call the day unresolved and stuck in the middle.
Theres no pattern change into bullish momentum unless /until the rally pushes into the 21/22 area and a pullback holds the 20 area.
The capping in the 19.60 area holds a bearish energy in my view. The support steps around 18.50 remain critical to hold and for developing a bullish bias, really needs to be holding 19 now.
So the whole price action battle here is still unresolved.and today did nothing to change that ,in my view.
AVXL battle zone 18 to 20 area
and it also can be seen as 17.50 to 20.50
today,support held at 19
so far so good.