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Look at the AVXL after hours!?!
all the way to $18+ Whats going on???
will it spike there again at the open? from 10 dollars to 18 for a spike...?
yes. nice day for AVXL
we've only had to wait 10 years.
well, I have a solid core
of AVXL and some trading shares to playy with. and AVXL has been a good trader.the 1 dollar moves. and maybe now we can trade 2 dollar moves. I wont be thinking of buying any dips, unless it gets toward 8 dollars. seems a long way down from here doesnt it.
But studying the technical charts can give us a logical target zone to buy and sell.
Looking at 5 minute candles AVXL
its been a busy day charting all this. I watched the climb back to 10.60. I was expecting resistance to hold at 10.00 area and it continued to 10.35 and then 10.60.
Bullish momentum in the bounce but on sympathy momentum ??
I took a little profit today at 10,before it climbed higher. Playing the odds today ,but this 'momentum' is getting the better of the 'odds' today. Keep yer spidey feelers out for frothy pumped bubble momentum... 5 dollars up can come back 2.50 ,looking for next bottom zone around 8.00-8.30 do you trust this bizarre rocket surge? Are we finished seeing the 3's? the 4's? the 5's? the 6's ? stop me when I get there... the 7's?
technically now 8 dollars as a bargain target?
and the final hour today followed exactly the track pattern I drew
Will we see 1 dollar down tomorrow morning?
AVXL technical tracks continue within the picture
What happened today with AVXL ?
Wow. I turned the laptop on an said ...Wow. I'm still saying Wow.
Was there news?
Good health to you, my friend. Be well.
WOW. what happened to AVXL today??
boy, when the pattern shatters, it really does.
The charts I draw are all technical. Fibonacci math based, Elliott wave patterns, and as long as the price action follows the technical track, it can be forecasted and watched like a bus running along a designated route. But when something... usually news (good or bad news) happens, then it can easily shatter the technical chart. There are larger chart patterns Ive watched since the 1.25 Bottom, and the 2.20 Bottoms, that showed This 11 dollar zone as a major target to watch...some day. But I didnt expect to see it happen like this,in 2 days, with No news??? what caused this massive surge to a major target?
I agree with that track pattern.AVXL
I'm looking at 7.80 area as the resistance shoulder (7.60-7.80) and the way AVXL has always sold down rallies, I expect a pullback to continue. Did this surging rally come from news ? If it didnt,I think the math pattern has a finished rally now at 8 dollars. of course I could be wrong.There is a major target in the next rally at 10 dollars. But what generated this rally. ?? To me it seems ripe to sell down ,and maybe quite a bit . Already it dropped 65 cents from the top,to 7.35.
Now it bounces back into the resistance, and I'm going to be looking for the 1 dollar moves. 8 to 7, 7.80 to 6.80, 7.30 to 6.30 and a buy zone down at the (6.50-6.25-6.00 area) When I look at a detailed math analysis of this move, From the 6.12 Low, and from the 5.12 Low, and 5.50 Low, I'm seeing a finished math rally at 7.40/7.50 area. and what stretched to 8 dollars was a big overshoot, and the fact it sold right back down to 7.35...that 7.40 is the finish math target to begin with. Its just my own way of looking at what I'm looking at ,but it makes me cautious about this top zone above 7.50. The magnetic pullback target zone down at 6.50/6.25 area is waiting.
and along the way down, it will be interesting to watch how the price behaves at 7.20 and 7.00.I'm seeing those steps as magnets in the math
pattern as well.
A big surge to the 8 dollar target
AVXL. very nice to see. I think its dangerous now in the resistance zone 7.60-8.00. It wouldnt surprise me at all to see a pullback now ,back to test 6.50-6.00 area.
Big rally to the 8 dollar target
IF this is the finish of the current rally,and we see a complete (ABC) pullback of the major pattern,I'm looking to measure math from the 3.75 to 7.75 area as one of the measurements, and a lot more construction charts to do now. But in a pullback, I'm looking for these target points to start becoming magnetic, and if we see these happening, the road map is becoming visible. Bottom zone for pullback,(first impression) 6.25/6.00/5.75
Top zone 8.35 extreme/8.00/and watch now for the magnetic target resistance around 7.75 to be a key math point for this new structure.
Yes, we could see a breakout above 8 dollars find the 10 dollar target zone.and a whole new reset to the chart again.
But after a good rally, I'm starting to look for pullback target zones. at the moment. maybe this week will settle into this toppy zone (7.75-8.00/8.30 )area but at some point, IF it plans to pullback from this 8 dollar zone, I'm looking at 7.75 to 6.75 to 7.25 to 6.25. to 6.50 area to 6.00/5.75 for best bargains in the upward pattern.
This is just a first look at the new road map.
New chart construction now
The resistance zone overhead deserves caution
(6.50-7.00)
Support did well in the key zone
(5.85-6.05)
and now its the resistance zone to watch (6.40-6.60-6.75)
AVXL
I let WKHS go back then.
I didnt trust it. As good as I am at chart analysis...I have to admit, I'm not a good stock picker. So I missed it.
I have a reasonable first core position in EGYF now. and I am toying with the idea of getting in PSLV if it will give me any pullback to buy. Heres my Fib targets for PSLV.
Is this silver rush a hype? PSLV chart
Its looking at the dollar steps for targets with the finish at 18 area.
From the 5 dollar bottom, the first Completed 5-wave target hits 10 dollars.
the pullback holds at 7.70
and now this hyper rally,a Wave 3, has the Fib targets first at 11 now, then at 12.40 area, 13/14/15 (becomes the 'wave 3' target zone) and then on to try for 18 area as the completed Elliott pattern.
Looking to the left side of the chart you can see the resistance zone box from the 2012-2013 time frame. as the place to watch and it closely connects with these Fib math targets now. So it looks like something plausible, watching silver climb back up the stairs.
BUT...
I never trust the hype. I dont trust it now to be anything but a pumped up manipulation hype, just like it was 10 years ago. But,if there is any chance to get in at 10 or 9.50, maybe its a chance to have a momentary thrill to 14 or 15 and have a nice little trade.
I'm just too jaded about the metals manipulation and this whole move sounds generated by newbies like sheep following the pumpers .
Thanks,C.
I appreciate your thoughts on it. Yes, I was thinking to scale in ,maybe next bunch to buy if it falls to 5 cents. I have a first position at 7.5
and didnt buy too much right away.
I've learned the hard way that its very easy to buy (too high) and buy too much and add more all the way down before it bottoms. and then I own way too much. I havent done that so far with EGYF.
But I did with IPIX. and MRKR
very nice.thank you.
Am I correct looking at this chart that there was much more buying at 7 cents, and that the red candle was just because it jumped down at the open from .085. ?
The short time frame picture
As the price meets the resistance area and sells down, it has been holding so far at the key support zone I described in recent days, (5.80-5.90-6.00 area). I would continue watching that support area to hold like it has, and watch for the bounce to grind higher, but this toppy zone is a place of caution for me, a target zone to be careful about. It was a nice rally wave from 5.12 so far ,now reaching the 6.50 target. Maybe now starting to look at 7 dollars, but unless this is news generated, the higher it climbs, the more risky the trading pattern becomes. The bottom zone at 5 dollars looks ok, and the current support at 5.90 is holding ok, so I'm letting my trade shares follow the climb, but for the trade, where would profit taking become risky to sit on... The resistance zone around 6.25 looks like it isnt especially firm now, the grinding higher is stretching it out. But if the trade pattern of buying and selling has equal force, we could easily see the next 1 dollar trade go from 6.50 down to 5.50
All I can say for this pattern, is that it was a good decision when people bought the 5.12 Low. I made the mistake of waiting for it to hit 5 dollars. and missed out on buying more trading shares.
Watching the support at 6 dollar area
I agree with AVXL targets
6.60 area now, and looking at 7. but it will be hard not to trim a little at 7. the support area at 5.90 held well so far,like it needed to.
I bought a decent starter position now in EGYF at 7 cents. I might be looking to sell half around 15 cents. and see if it will act like a good trader for me. This 7 cent area ought to hold the pattern, but my concern if it fails is a great downward collapse would retarget 5 and 4 and 3 cents, could that happen? what do you think of EGYF chart now. That flag pullback that is hanging around 7 and 8 cents now, we do want to see that hold strong here ,dont we? But I guess theres no reason not to place a stink bid at 5 to get some more.
EGYF touches the 200ma
C, any chance you could show me the 60 minute chart? I want to see what today's volume really looks like. The daily candle is red,but was there a lot of buying at 7 cents?
may green trades be with us all.
Some people stick with the same handful of good trading stocks, that are predictable enough to scalp for those 50 cent moves, like AVXL. I see these 1 dollar trade patterns there as well. My problem is that I always try to buy the very lowest bottom, and the last one ,I was waiting for 5 dollars to get hit, and it helf at 5.12 and I missed that one. But we can watch and see if this is a Range Pattern we could see AVXL get taken back down to 5.20 again. So far, its creeping up into this resistance area 6.40-6.20 area, is still a danger zone for traders. But now the higher steps are also in play as the key support zone has held ok so far (5.80-5.90-6.00 area).
AVXL capping at the target zone
6.30/6.20 area, and will fight the battle at support zone (6.00-5.90-5.85 area)
The AVXL road map
resistance capping at the 6.30 area, and down 30 cents to test the 6.05. the shoulder resistance at 6.20 is ready to cap and drop. I'm looking at targets 50 cents down for this move and see what happens for support around 5.75 area. The math has a target around 5.50 area.
The break through has to push higher above the 6.20/6.30 now and the next target zone isnt much higher, maybe at 6.50-6.60-6.70 area. I might need to trim some profit there. I still dont want to buy any at 5.50 but maybe thats the next trade. 5.50 to 6.50 and take the dollar.
would it be 5.70 to 6.70 and take the dollar? I might miss that one.
AVXL road map
and in the upward direction, I have been watching for the pullback zone (6.00-5.90-5.85 ) area to hold. and it is so far, so maybe the next drop might hold at 5.90. I dont want to presume(by habit) that the capping automatically generates a full downwave, even though AVXL often does get hammered down, but IF the rally will continue, the support at 5.90 area needs watching now. and I'm willing to give it a chance to show some strength. but lets see now what happens next.
IF it does hold at 5.90, we need to see the next rally bounce thru the 6.25 resistance and lets see another 50 cent move in the upward direction to the 6.60 area and maybe that will fulfill the traders track pattern. If not then, then maybe its already finished at 6.35 and we will see a full pullback to my 5.30/5.20 target zone.
I hope you do well
I guess I'm getting too lazy to do that. or something. AT 65,I'm starting to get a little lazy. I should try to step it up a little.
Looking for new stocks. I want to learn something new. but I get lazy when I shouldnt.
Thats an interesting observation.
thanks.
Looks like its setting up to repeat that pattern ? What happens after that peak? does it plunge down?
It could be the 5 dollar bottom.
I cant disagree with that . and even now, this latest rally has followed my track pattern well. Looking now to watch the support holding (or not) at 5.90 area
5.80 becomes critical for the upward direction. This rally,caused by momentum or MM management? , has generated the move that broke thru the 5.80-6.00 barrier, and reaches the target zone 6.30 area.
Pulls back sharply, as AVXL always seems to do, but held today so far at 6 dollars. I'll be bullish if it drops another leg but holds at 5.80 area. The next targets higher I'm looking at the 6.60 area and watching for struggle to fumble around 6.50 as a traders target zone. A serious bullish momentum would be set on reaching 7 dollars now. But for me as trading shares go, I'm cautious here from 6.30-6.75 area.
The 1 dollar move targets 6.60.
AVXL follows the track pattern road map in the upward direction
AVXL road map
All I can do with this picture is call it a road map. I have learned to see the picture,so I draw this.its become a comfortable tool set I use,you know how that is, when you develop the tools you use and it becomes a language you understand.
In looking at the picture, I place a stronger emphasis on the secondary peaks, as a true topping resistance zone , so this makes the 6.50-6.80 area as my toppy area.we see how the latest rally peaks there and pulls back to the 5 dollar target zone (held at 5.12) and now the bounce again is looking to retest that topping zone (6.00-6.30-6.60 area again)
I cant say if it will break thru that 6.50 area or falter here at 6.25 peak, and if it does Fail somewhere in this toppy resistance zone, maybe even now, around 6.20, the classic 1 dollar trade wave can target 5.20, where the pullback target zone has been (5.40-5.20-5.00-4.80) area. It looks as much like a Range Pattern in my view as it does an upwave pattern. So for trading shares, I'm looking to consider buying the 5.25 area and selling the 6.25 area. anything above 6.25 in the next bounce should start looking tired in my view. especialy if there is no news coming, and we are looking at a waiting period that could take months. This is a recipe for another downward bleeding sellers cycle. Nice to see this rally climb back into the target resistance zone 6.50 area again, but why would it continue higher still from there? For me,its a traders profit taking target zone, just a few shares. and then watch the sellers come in to take it down and bleed it down again to the 5.20 target zone. ....until the cows come home. and of course anything could happen,and this isnt advice for anyone. I'm watching for a pullback to at least try and test the 5.50 area but I dont see 5.50 as a bargain to buy. 5.20 begins bargains for me, and I still watch that 200ma around 4.70.
Are we really in a new era for AVXL where we think 5 dollars is a great bargain? I remember watching 5 dollars get crushed a few years ago when it collapsed to 1.25,then 2.25,and 3.65 last year we were looking at 5 dollars was a ceiling, then ...ok, so new developments happen, and maybe we wont ever see 3 dollars again, maybe even 4 dollars is long gone. and now this picture is looking at 5 dollars as a bargain territory??? I want to stay cautious about that idea for a little while. Lets see where the next 1 dollar trade goes.
AVXL road map
This one, AMPE is following closely
to the Fibonacci math/Elliott wave pattern. Its been a very close track pattern. but this cycle has its peak around 3 dollars, and already got there. the secondary peaks at (2.00-2.30-2.50) area look like they could show resistance and generate the next downwave to try and retest the Low zone (1.00-1.30) The low zone has also been reached at 1.30, so its a guess for which would be the next major direction,as it sits in the middle zone now. From the 3 dollar top the classic 50% haircut is 1.50 as a target. That seems like the middle zone here. Bargains for me would be 1 dollar (1.00-1.20 area) I havent looked at the DD yet, just the chart.
Most noteworthy about the chart has been that it really followed the math track pattern in a reliable way and that can make it a good trading stock if it would continue.
In the current zone, the double would be looking at 1.30 to 2.60 in the up direction ,and downward might be from 2.00 to 1.00 and back to 2.00. But its an interesting one to follow.
A very nice 5 bagger from the 62 cent bottom. 72 cents and 80 cent area. The 200ma is at 88 heading to 90 cents. at some point the 1 dollar area could be a target . The 50 ma is at 1.35 ,already hit.
As a numbers guy, I dont feel the bargain at 1.50 but would at 1.20-1.10-1.00 area and a sell for traders at (2.00-2.30-2.60-3.00 area)
Yes, nice breakthrough bounce today
I mentioned this kind of move yesterday. was what needed to happen here.so far so good. Now lets see if it holds key support around 5.90-5.80
.The resistance moves back up to the 6.15-6.35 area.But I'm looking at a box 6.10-6.60 From the current pivot low zone (5.55/5.60 area) places the next 1 dollar trade target at the 6.50 area.
AVXL
Thank you so much
yes, I started to read a little. the CEO sounds like the kind of person to pay attention to.
Ive never owned a stock where I was buying sub penny prices. but now, this one has a chart picture that looks poised to go up again, if it can hold a base here around 8 or 7 cents...
Trading around a core seems the way to go.probably with all of these disruptives.
What do you think of this company
EGYF
Larger chart view
AVXL and Fib targets
In this larger swing pattern picture. there is a balance point triangle terminal around 5.75 and targets 1 dollar in both directions mark the playing field. 4.75 target down and 6.75 target up. in the current cycle. As a Range Pattern it looks about the same targets. and as a Bullish pattern that would hold 5.50 area and make a series of good rallies we are looking at the wave that goes to 7.75-8.00 target zone, at least reaching the 6.75 target and then continuing from there. but that kind of rally pattern seems like it would need good news as a catalyst. No news gives me a bias toward a grinding Range pattern up and down. If it becomes a Range Pattern now, I'm looking for first target zone to buy trading shares around 5.00/4.80 area maybe nibbling as early as 5.25. (This is not advice to anyone ) and as trading shares target for profit, in a range pattern ,have to look at 6.25/6.50/6.75 for the time being. The 1 dollar trade is always nice for traders in this game.
AVXL follows the track pattern
bleeding down to lower target steps. After bouncing to a lower resistance, down it goes to lower target. the bleed down game is happening. Where will the bottom be?
In a bullish wave pattern, the odds would have the pullback holding here in the 5.50-5.60 area. 5.45 at the lowest. In a Range Pattern the entire Bottom zone is in play down to the 200 ma around 4.75. Bleeding down,over time, just like this, to hit the steps along the way, until it reaches the intended Bottom. Last time it held at major Low 5.12. Prior to that was 4.50
AVXL in the bleed down pullback
Holding support here would be bullish if it makes a strong bounce to break thru the 6.00 resistance and retest 6.15 area. Same outlook as yesterday. Price just bled down one more step today.
Resistance now 5.80-5.90-6.00
A chart to look at
in case its a fair road map.
AVXL bleeding down
has a few more targets to look for. watching these 40 and 50 cent moves. the 1 dollar trade targets. it seems all in play in technical trading in the current cycle.
Looking in the upward direction, IF the next moves bounce upward to the 6.10/6.15 area and come back to hold the 5.90 step, that would look to me like a breakout in bullish momentum,holding support at a key point 5.90 and a 50 cent move upward that could suggest the 5.65 step becomes a key support Low in an upward turn around.
and might become the push into a big rally wave. 5.10 to 6.20 is 1.10, even if we call it a 1 dollar move, that math measurement adds 1.60-1.80 to the next measurement Fib target zone looking at the 7.75-8.00 target zone. Is there any reason for such a rally right now?
or does the current cycle look more like a new waiting phase. Waiting phase to me, means bleeding down to test 5 dollars and maybe 4.75 ,where the 200 Ma is waiting.
I've drawn other charts lately that are showing a sliding zone for the next few weeks in the 6.00-5.50 area and maybe a drop to test 5.25 could be a low to buy. but the 6 dollar area as a capping resistance. for a while. So IF we see a big breakthrough now that reaches back to test 6.20 area, That would be a decent bullish clue for me. BUT, in a rally move like that, the support will need to hold strong around 5.90-5.80 area 5.75 at the lowest. for this road map picture to be viable.
You could see the resistance area around 6 dollars
was waiting to show selling strength there and it followed right on track.
resistance continues at 5.90-6.00 area and ,not a prediction but just looking at the bleed down road map, we have seen the 50 cent moves now, and 40 centsmoves, and I'm looking for the next one to the 5.50 target area. That might get buyers interested again. The 6.20 area was a target zone for the rally peak, that wasnt bad,it was a 1.10 rally the 1 dollar trade move. so the pullback zone is looking at this 5.50 area and lets see if the math road map continues on track.5.60/5.50 and if it falls down to the 5.40 pivot bottom,would seem to me like a win for the bears, to drop it back down to that pivot low. A bullish picture would be one that shows climbing to make higher lows and higher lows. And today showed a lower low than the other day, so its a battle zone trying to retest the Fib target area,that the math is showing closer to 5.60/5.50 area. Is there any good news coming soon,that would stop the bleed at 5.50? or could this keep bleeding down to the 5.20 area. The 5.20 area is a big target on larger chart pictures. as was 5 dollars in the last cycle. That 5 dollar target held at 5.12 and reversed.
So the pullback target zone ,I'm looking at is 5.60-5.00 and the energy points in between.
5.60/5.50/5.45/5.40/5.30/5.25/5.20/5.15 and have to include 5 dollars as well. and that zone 5.00-5.10 represents the 1 dollar trade for the sellers. as does the 5.20 area for the trade top 6.20.
The difference then in looking at all these block zones, the current one (5.50-5.70) represents a middle muddle zone, not a true bottom target zone. 5.50 starts to represent a bullish target for pullback,
but the bleed down Range Pattern, no news bleed down AVXL target zone for cautious traders,like me, is looking at lower steps, like 5.25-5.00 area as the bargain for picking up some trading shares, just a little for me at 5.15 area but more at 4.85. in one of those AVXL gets bled to death again like it has for since forever....
but first steps first. it failed to touch 5 dollars last time. where would bargains begin now? 5.25 for me. 5.25-5.00-4.75
AVXL
AVXL chart
A road map of channel lines.lets see if price follows the road
posting this to store the picture
for some reason I think I need to retain this construction.
Middle zone 5.25/5.50/5.75 in play as a battle zone now. Break out Rally targets looking like 6.75 and 7.50 coming to light. Extreme bottom at 4.75. but currently watching for a pullback to retest 5.25. and then settle into a triangle terminal point around 5.50 in February.
These assorted construction lines connect well, and thats the reason I want to keep this for reference. but its all a kooky Fib construction
at the moment.
AVXL under construction
yes,I agree.
Its always been interesting to see your analysis, being much more short time frame than my swing trade outlook, but we arrive at a very similar vision,using different tools and approach. Ive always found that very interesting.
This latest downwave bottom that held at 5.12, really fooled me, I was pretty convinced that they would take it to hit 5 dollars. It was such a magnetic target point for the MMs and big money. and all the previous support steps failed to hold... but they held it at 5.12 and wouldnt turn over one more time for me. I was ready to rebuy at 5 dollars and Did Not buy any at 5.12. I can be stupid like that sometimes. LOL
we shall see...
I have a feeling the block zone for targets in a pullback seems more like a block than a line. I'm looking at the 5.80-5.50 area as a block.
I havent got a great feel
for the strength of the current rally.What was the reason why it jumped yesterday?
Reaching 6.08 and then coming back to test the 5.80. I'm looing for one more effort to climb into the target zone again and then if it gets tired there,I'm cautious about a selling attack (6.00-6.40 area) I hope I'm not short changing myself here, it would be great to see 7 dollars in this cycle, but what kind of news do we have happening right now? (written before I looked at today)
Ok,Today looks like they jumped it into the target zone again (first half hour zig zagging (6.00-6.24) and then plunged it down 50 cents to a lower low (5.72) now testing the middle balance step at 6 dollars (5.90-5.95-6.00)
From the 5.12 Bottom pivot to 6.24/6.22, a 1.10 rally wave. and then a 50 cent plunge already. Price hits both target blocks. and leaves me uncertain around the middle at the moment. I think today's 6.20 peak area was a traders sell target, and the strong pullback seems to agree. but will it hold the 5.70 step and rally another dollar from there. Retesting the 6.60 area is possible. Would the MMs want to keep some capping lid on it for a while? or let it climb away from the 5 dollar zone.
AVXL chart
------------------------------------------------------------
I've been noticing soe charts
of a guy on Twitter lately, he posts interesting charts, and most are 'forecasting' reversal signals at a topping pattern. so he's expressing that sentiment. I am a bit surprised to see the indexes continuing up in this uneasy climate. I'm not looking for a major collapse,but maybe
a pullback that hits a normal support level in the S+P. But I'm no expert.
One of the road maps to look at
a level of blocks to watch.
AVXL
A battle zone here in the 5.40-5.60 block. Above that is the Elliott wave3 target zone (5.78-5.90 area) and then the finish wave 5 target block (6.00-6.30 area)
Theres a distinction to the quality of each target block. The current one is a pullback zone that held today at a key point/5.42. If we are in a bullish momentum cycle this key point at the 5.40 step could Hold ok and rally upward to test 6 dollars and make the finish rally. But the current battle is ongoing with resistance at 5.55/5.60/5.65 area that could cap and bleed down. The bounce from here must reach at least 5.80 to begin regaining that bullish bias,in my view, and even there, is mild,could cap at 5.80 and that Elliott wave 3 area could turn bearish into a wave C that starts selling down with a stronger bearish effort. It would represent a failure block for the rally. It would represent the retrace from the 6.60 top that bottomed at the 5.10, and that retrace is a bearish retrace that caps around 5.80 area. Its like saying ,there is bullish momentum and bearish momentum fighting a battle around the 5.80 area. So far the first hit at 5.78 the other day has bled down now to hold at 5.40. and this is the battlefield ongoing now, and the next moves will show which momentum is stronger, the evidence will show if/when price gets capped at 5.60 and falls, or capped at 5.80 and fails to bounce again to test the true bullish target zone above 6 dollars. Failure at this current resistance 5.55 area could retest the 5 dollar bottom zone again.
I see the road map on the chart but its hard to describe all the details with tedious words and numbers like this.
Understanding how Elliott wave patterns move,and where the Fibonacci target zones are, is the basic picture I draw. From here at the 5.40 support, a small bullish bounce would test 5.80 and a true rally climb will target 6.00-6.30 as a finished math rally.
A weak bounce will falter at 5.60 area and look to turn downward and bleed down to the lower target block below 5.40
bias looking upward
but the resistance shoulder target zone looks to me like 6.00-6.30
AVXL daily
Thats a really good examination.
sticky worthy for a short time frame vision. thanks
I think I might be tempted to buy any decent pullback if it happens soon. (like 5.40 area maybe) though I could see 5.50 holding.
as those several indicators you mentioned, were pointing to momentum looking upward. and today made that upward move to test 5.80. 5.10 to 5.80 has a 50% fib retrace at 5.45 that resistance step was broken thru now, and could get retested. Looking to try for that top bollinger band target area (6.20-6.10) when the time comes.
If my Elliott wave pattern plays out, I anticipate a sideways slide along the 5.75 area for a day or two before the next move.(5.85-5.65)