Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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
Totally reasonable to watch that as well. I am just a step by step guy so for me holding here and then 5.47 are the current steps in play on the down side.
One thing of note is that on my daily chart, price must get over the 4ema on a closing basis and stay above or more down has continuation odds. Then it needs to flatten, curl up, with price attacking the 8ema and so forth to get an up trend going.
Green Trades.
OK. 5.77 gap officially closed now. Let's see if AVXL has the strength, backing in buyers, to make this a bottom.
LOL, been shoveling snow all morning so I am late to posting any news. Thank you. Green Wishes.
Not sure why my annotations didn't last on the linked chart. Tried it again.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p87544193096&a=1580806866
Well said. It is an entire system of upgraded efficiency rather than relying only on panel efficiency.
The scaling possibilities are limitless. Besides battery storage capacity I am sure they will be looking at other options to produce/use energy when solar exposure is reduced or limited by cloud cover, storm, nighttime etc.
Will the nano-senor to panel concept work to some level with ambient light? Supplement with wind power etc? This is just the beginning of potentially disruptive innovation in the energy arena.
Think of the relative security that comes from having a micro-grid near you instead of relying on one that is now archaic and covers an entire city state or region.
Green Trades to all.
MGO 51 thanks for your great post. Feel free to increase such thoughtful posts. 😃
This is what I am watching.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p87544193096&a=1580806866
Daily is now within .01 of closing the 5.77 gap. How today and tomorrow close will be important information on whether 5.47 and 4.90 get tested.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p40567198888
EGYF is not nor will it be in the panel business. They will be using the best panels available. The efficiency comes from the ebox concept which protects the panels from degradation due to weather, exposure to dust etc. Higher efficiency also comes from bouncing the light that comes into the ebox from the nano-sensors off the interior of the box and other panels thus increasing the % of usable solar energy. The ebox action will create greater efficiency from what ever the current and future most efficient panels are capable of.
Hope that made sense. This is my understanding from the information currently available. Anyone who invests in EGYF should do validating due diligence.
What are you using as the standard to be compared to?
Please do not spam Tom's board. $200 a month, ROFL. Those on this board do their own dd for free.
Everyone here does their own charting. No need to pay someone else. Feed data is available for far less
than $200 a month.
I would also like to see a higher news flow rate. I also want news that is not fluff and if it takes longer for meaningful news I personally am ok with that.
I really think we should be hearing something on the site preparation fairly soon. That would also depend on weather. Not sure if these East Coast storms are impacting the Maryland site. My preference when news starts rolling is that it is sustainable and not isolated small islands of verbiage.
I think it possible EGYF is finally progressed to the point where steps on the path are not only going to be more clear, but those steps will be in motion. I think we will know fairly soon if this pilot grid plant is that beginning. I definitely want to see the shareholder investment de-risking that comes with company progress.
Green Trades
I wouldn't say there has been no news. They PR'd they had acquired a site to install a micro-grid in Maryland and are in the process of site preparation for the pilot site.There are even pictures. The update was Dec 22 2023.
Buying and selling is what creates liquidity so do what you need to.
Yeah, weak hands moving on and buyers sweeping them up. I am at my limit or I would do some floor sweeping too.
In fairness, it has been a long wait so I get it. I also realize that night is darkest right before sunrise so I will continue waiting for the sun to shine and heat up the earth/stock.
AVXL is now/already in the battle over $6 support or resistance.
Tuesday's gap down brings into gap discussion high level of subjectivity IMO. The nature of the gap and its size puts it outside the definition of common, runaway or breakaway gap. Why do I think that? Because it was the result of a huge external event not due to any kind of normal positive or negative market action or anticipation. The 3 identified gaps have identifiable criteria.
My personal identifier for this kind of event is to call it an earthquake gap. While the structure (price and chart) was badly damaged it didn't completely collapse. When looking at a daily chart Nov 14 fits breakaway gap and is .02 still from closing. Nov 20 could fit common gap criteria that filled, though some may want to call it a runaway gap. Dec 14 IMO fits runaway gap model that was followed by an exhaustion top.
Remember, that statistically 90% of gaps fill. It can take a few days, weeks, months or even sometimes years, however 90% will fill.
Given todays continued selling, shrinking volume and low close the odds of filling that 5.77-5.79 gap are growing. All analysis requires confirmation so we need additional information tomorrow and maybe first part of next week. IMO, what happens at $6, yesterdays low and if that doesn't hold then 5.79 and closing the gap is strongly in play. Still can't be definitive that gap will close or not. Is this an example of the 10% that don't fill? Yet to be determined.
These are my opinions and subjective thoughts on the application of gaps and AVXL. Wouldn't be the first time I was wrong, LOL.
Green Trades.
The discussion is referencing a gap yesterday. Nothing to do with the major gap Tuesday.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=2&dy=0&id=p34879622518&a=1573081668
There is still an open .02 gap from 5.77-5.79 that is much older from November 13 that almost filled on the Tuesday gap down. The discussion is only about Tuesday close to Wed opening.
On a 5minute chart from yesterday there is no gap. I can find no gap at any time this week.
https://stockcharts.com/h-sc/ui?s=AVXL&p=5&yr=0&mn=0&dy=3&id=p76221694820
From a classical TA point of view very few TA traders would accept the idea that it is a potential breakaway gap or even a gap at all.
First. Purists would look at the pole and tail on the candle and conclude there is no gap.
Second. It takes time to confirm a breakaway gap, which has not occurred yet.
Third. If you switch to HLC bars there is no gap.
Fourth. While volume is usually present with up or down gaps to my knowledge it is not the main feature. An actual price gap on the chart is the main feature.
Lastly, I do not think that any TA purist would accept only the candle body positioning (eliminating the existence of the pole or tail) as proof of a gap.
That is my opinion. Would be interested in the logic for any one of your friends not accepting the above explanation. Fun discussion. Green Trades.
One way to almost fill a gap, however most unexpected to do it this way. European approval for Ahlzheimers now becomes of major importance.
5.77 is the actual closing number so .02 still open.
Any thoughts on whether the trial was not set up as tight as it could have been? Hmmm.
Yesterday AVXL closed at the HOD 9.91. Price seems to want to test psychological $10 line. Depending on news, general market, XBI etc there is plenty of room on the daily chart indicators to test recent high of $10.45.
If that holds then the on a weekly testing/holding 11.93/11.95 is the next target. Price needs to break and hold above current weekly 200period at 10.15 for that to become a reality.
Lots of smiles and building unrealized profits on this move. 😎😀
Here is what the 5 year weekly looks like with older annotations. The Battle Zone highlighted with green lettering and denoted between the two red lines is currently substantial resistance. This is likely the area requiring strong news to break through. We shall see.
https://stockcharts.com/h-sc/ui?s=AVXL&p=W&yr=5&mn=0&dy=0&id=p03916790859&a=861844297
Price making another attempt to close above lower dotted red line at 9.13. Will be watching the close for the answer and then whether or not it confirms on following days. 4ema still has not down crossed the 8ema and is trying to resume its upward push. Final days of the year should be interesting as it looks like the Santa rally is continuing. How long into the New Year will it last and how much will it influence AVXL?
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p41817033760&a=1544258022
You are correct. Nice find. Not sure why my link doesn't/didn't work.
A small step but much needed.
If that doesn't work try typing in the url in your browser rather than clicking the link.
Sorry for the inconvenience.
You should be able to scroll down. Todays is right under the March posting.
Those interested. News today from Twitter at, Energy Finders, Inc
https://twitter.com/EnergyFinders
Looks like the top green box is going to play out a while longer so I extended the box horizontally .
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p63123220096&a=1544258022
Now only .05 of the gap to close if it wants to. Consolidation between here and 9.20's would show strength for next higher move. 4,8 and 13 ema's still positively stacked on the daily. Which one could end up strongest support? So far on the move it has been the 8.
Green Trades Everyone.
Watching to see if gap from 5 trading days ago fills.
Looking for where to start reloading the trading shares I sold. Price tested 8ema on the daily so watching that and the 13ema now.
I find this daily very interesting from the perspective of the boxes notated. Blue box was drawn while price was still inside it. Green boxes were drawn as empty possibilities before price move into them. Without the news it wouldn't look or have happened like it played out.
Part of the fun as well as usefulness of TA.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p63123220096&a=1544258022
Green Trades Everyone.
Don't need the spam here. Every poster here is their own TA guru and we share. $164 a month, lol, yeah right.
Thanks for the replies.
Do any of you honestly consider it a real possibility that AVXL/Missling/BOD would entertain a buyout?
What about licensing a line such as Rhett or anxiety/insomnia for royalties?
Have to confess taking some trading share profits. Definitely will reload them. Core share holdings still intact.
Wonder if the naysayers and shorters can talk it down to that 8.50 gap area. Probably not if there is more news/excitement soon. We shall see.
Is today the start of creating revenue and future FDA approval? Congrats on the European news and a great day. Would love it when $10 is permanently in the rear view mirror.
Congrats.
Go AVXL.
It doesn't have anything to do with trading per se, however for the last two years I have been rolling over 6 and 12 month CD's at two regional Credit Unions.
I started at 4.50%, then 5.25% and now renewing at 5.50%. Keeps me liquid for immediate cash if desired with cash available every 6 months.I roll over the principal and pull out the interest. Will keep it up as long as interest rates are favorable.
My attempt at financial conservatism that satisfies the wife. 😀
Twitter news today.
It is a start of things to come hopefully.
Energy Finders, Inc | IR
@EnergyFinders