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4 year low for AVXL. Down channel on the daily continues. Weekly chart has room for more down as does the daily channel.
This action will not be halted by a chart. IMO, it is an issue of company fundamentals.
Sure the daily upper channel down trend line could be tested, but what is going to actually reverse the trend? Positive news of a fundamental nature will be required. JMO.
Hopefully you have been able to sell some rips and buy some dips to reduce or eliminate your risk.
One has little to no stress when the risk price is so far below the buy in price that even BK is not scary when compared to the actual investment.
Riding "free" is a great relaxer, while giving the needed time for bio approvals.
Green Trades.
Yep, your and my daily agree. Fancy that. 🤔
Green Trades.
By my count, the AVXL bb midline (20SMA) has been tested at least 14 times and rejected since end of January 2024.
If the potential double bottom, fails with confirmation then things could get really ugly without strong news.
Since the gap down, the down channel has been unrelenting.
Fingers crossed and rabbits foot out that this recent 5 candle formation is a bottom.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p47856182655&a=1637906248
Green Trades.
A clarification post. Obviously I mark the bullish feature here on EGYF regularly. I am not using that as a buy now, jump in pumping type of announcement.
Everyone who buys needs to do their own DD, purchase when they think the timing is right to accomplish their investing/trading goals. I click on that as a signal to pay attention, keep track of the progress, get up to speed on the happenings kind of focus. Yes, I like the odds of making a profit over the long term or I wouldn't be here. However, I don't think anyone should invest blindly in any investment or just because of something like a bullish mark. Buy or sell according to your own trading system and rules.
Green Trading Everyone.
You beat me to it this morning. 😎 Thanks for posting.
I like that the steps are beginning to increase in frequency. Would love to see that continue.
Ouch. Price closed crashing into the lower daily bb. If tomorrow confirms then pushing that line and price lower gains in odds.
Thanks for the 3 posts. Unfortunately, the story is still lost in the lack of "shell risk" label removal. I do think it is being worked toward, but no way to project when. Based on all the filings the conclusion I have reached (could be right or not and others may have a different opinion) is that OTCMarkets wants to see a consistency factor as in an actual revenue flow.
For me. Just practicing my patience breathing technique. Still think this could be a disruptive technology that may bring the kind of returns technology advancements (innovations) produce. Time will tell.
Green Trades.
Skinny red uptrend line used to be a blue line. Now red to show that it failed and adjusted the blue uptrend to show present. Daily.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p53478026961&a=1580806866
Monthly Look not looking very good.
https://stockcharts.com/h-sc/ui?s=AVXL&p=M&yr=12&mn=0&dy=0&id=p74367434269&a=1593859224
AVXL price bounced off the downtrend line and now resting on the uptrend line. Still heading into the apex of the triangle. Ever tightening.
Will it break up or down? Price right in middle of current support zone. See chart in linked post I replied to.
Yesterday had a solid close above midlines. Need follow through confirmation Monday. If that happens and holds then 4/8/13ema's will be positively stacked and price can attempt a go at 5.75 area, which is beginning of strongest resistance zone. How price handles the down angled 50period, currently at 6.04 will determine whether price stalls and retraces, pauses to consolidate etc.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p75850587929
Green Trades.
AVXL still struggling to make a higher low.
Some chart positives but lots of obvious resistance prices and zones to work through. 4.96 needs to confirm still as a base and higher low.
Can midlines become support? Upward is not possible until they do.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p46753137316
Yeah, me too.
Been asking for last 8 months periodically for residential prototype installation or to just purchase one outright.
Might be awhile though for residential with the present commercial focus. Ok with that since IMO revenue and company growth will scale faster.
Green Trades
Looks like energyfinders.us is now active.
Duh, reallly?????
The only most posted on and charted stock on this board of Tom’s recently. ROTFL. 😂
IMO, only reason we are a dime is the ‘shell risk’ label.
My relationship with KP goes back about 3 years or a bit more. Even before his coming on board with EGYF.
The characteristics you mention are exactly what I have observed. His success in the growth of UandA, a private company, is past and continuing evidence of the qualities you stated.
While that does not guarantee success I believe it already separates EGYF from the vast majority of OTC companies. I am also a fan of the thousands of hours and his own capital commitment already invested in EGYF.
Personally, I am willing to give this time to build and grow. Too much potential for me to move on this early.
Green Trades
4.85 today is a 3 year low. Traveling for another week so will look at and post a chart of possible lows if 4.90 won’t hold when I get back home and can use a desktop rather than phone.
Green Trades
Wow, 4.90 low definitely in play now.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p17082082458
Have been looking at AVXL on a 2 1/2year daily with only longer term SMA's. I find it very interesting how the 400sma (Orange line) has capped price since Feb 2022. Then the 200sma (pink line) is interesting The interplay of the 50sma with both the 100sma and 200 sma provides some more interesting information.
The keltner channel and the BB's illustrate price excesses both up and down beyond standard deviations.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=2&mn=6&dy=0&id=p79928802410
Unfortunately, it looks like AVXL may be following the market until it gets sustainable traction from news. The market is unhealthy and the economy is on life support. Bidenomics is accelerating debt in every area. Business failures are increasing rapidly. only a matter of time until supply chain disruptions for many reasons and sectors are major news again. And on and on.
Great points. One thing I would add to the Elementary school aspect is that other possibilities include a neighborhood/subdivision, apartment complex, office building, manufacturing center etc.
100% agree on the sector it occupies and being a real company. Much work to be done for sure. I also like the potential for long term sustainable growth metrics.
EGYF is not growing in price at warp speed for sure right now. However, I like the base building plan and the outline for the future. I think the possibilities are excellent and like that they are looking at more than one revenue pathway. I will continue to be patient with this one.
Green Trades.
Excellent presentation. Thank you for posting the video. I was not able view the live session due to scheduling conflicts of mine. Really excited about the future pathway that is more clear than in the past.
Green Trades.
Yes, they are presenting today from 1:10-1:40pm ET.
Wow, only .01 currently from the intraday low of 5.33. AVXL building more resistance for a return upward trip when it comes.
Daily Chart. https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p03327384750&a=1544258022
If you don't have a stockcharts paid account it will just go to a daily default. I clicked the link and it came up the monthly chart.
Maybe I can figure out how to post a screen shot.
Agreed that the prior lows are now definitely coming into play. 5.75 is important not to retest further downward. When one adds the market structure (VbP) there is potential for accelerating weakness if 5.75 fails as support. Confirmation prices of such would bring 5.47 and 4.90 strongly into play whereas now they are only possibilities. This current VbP bar is the strongest support on the daily chart. Which means, if it fails to hold, it will be very strong resistance without substantial positive news to push back through.
Green Trades.
Here you go. I added a 12ema because that would be the 1 year exponential trend movement. 50 period is close to the 4 year SMA, 100period the 8year SMA and the 200 the 16year SMA. Added the current downtrend and up trend lines.
Hope that helps.
https://stockcharts.com/h-sc/ui?s=AVXL&p=M&yr=12&mn=0&dy=0&id=p74367434269&a=1593859224
Answer. NO, unless tomorrow jumps up and holds 6.25.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p63123220096&a=1544258022
Issue now, is can AVXL hold 6.25.
Talk about rejection at the daily 100period today. Ouch.
Yes, and that is a solid conference with a good reputation IMO.
Not to mention that there are some very solid presenters IMO.
Yep, pretty free with opinions, I am.
LOL, you beat me again. Great info. There are many questions to be answered that will be coming in the future IMO.
Someone or more than 1 is sweeping up shares today it appears.
Getting the shell status removed is all in the hands of OTCMarkets. If you go to OTCM website and look up EGYF it gives the date received as 1/18/2024.
Here is a link to the under construction website. https://energyfinders.us
No date is given. Give them your name and email address and they will let you know when it is up and running.
That was a solid close to a great day. No news but an all time high Dow close 38,001.
Nice looking on the daily chart.
Green Trades.
Good question. My opinion has more to do with economic conditions, world events and the broader markets. Between debt, inflation, manipulated economic data etc there are consequences coming that are inescapable. The current markets have very little breadth. Increases come from a very few mega corporations. Anything the government has oversight over is a joke. FDA, SEC regulations and enforcement etc etc. The markets are at an all time high yet, from a classic economic analysis, weaknesses are so deep underneath as to be able to consider that what is occurring as irrational/unsustainable
Given the above, for AVXL to be less influenced by the broader market it needs to develop more so that it is less influenced by the coming and current volatility. Standing on its own it needs to find LT support levels. Also, I think most funds have finished or are finishing adjusting for the coming year. We all realize the big boys accumulate or distribute ahead of retail. It you look at the last quarter, was there more accumulation or distribution?
I want to see some chart answers to whether this is real support or where sustainable support is is going to be. For my benefit, LOL, I want to 6.27 to hold all year as support. That would be the top of the longest/strongest VbP bar on my previously posted linked daily chart. Just my individual preference.
The price battle for support or resistance continues. How long the growing sideways channel will continue is unknown. For the moment, price is holding on to lower support but it is not a for sure yet to hold. There is enough positivity to be optimistic, but not enough to bet the farm. Going to be a pivotal week IMO for answers.
Is it possible to get upward momentum without positive news? We shall see. Can it hold if no news? We shall see.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p63123220096&a=1544258022
Looks to me that AVXL is putting up a pretty good fight so far considering how XBI (thick solid black line) looks over the past 5 trading days after the Rhett news.
[https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p25601816322
On a 3 day 5minute chart AVXL has been hammered right out of the gate each morning the last 3 days and fought its way back to almost even or better.
Hopefully, this is sufficient to get shell risk label removed.
https://www.otcmarkets.com/otcapi/company/financial-report/390780/content