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I pay attention to both technical and fundamental... but my expertise is only in TA. I have to follow the good fundamentalists here for their helpful insights. I don't subscribe to the idea that analysis has to be one but not the other. Both are important to watch.
Waiting for any bullish news...
might that include watching for institutions to buy more, at a price like 5 dollars. Now could be one of those times. If we see it. Could generate a rally.
The chart pattern has made its latest 1 dollar (and 2 dollar) downwaves. Coming from a resistance around 5.80 , hits the 4.80
And from the higher pivot peak at 6.80, falls to 4.80. Watching the price action and patterns , the 1 dollar and 2 dollar targets are magnetic.
In January, disappointing news triggered the selling. A major plunge, first to 5.88 pivot, then from 6.80... bleeding down and continuing down, small bounces roll over at resistance, and bleed down lower. Now price has reached the yearly Low Again...double bottom so far. What will it take for this downwave to stop here? If nothing happens to create a bounce, why wouldn't the selling game just keep on going.
4.90......4.00 ....... 3.50 ........2.75 ..... 2.25
Much sadness. Starting all over again at the bottom. But of course, management understands this. A long tiresome unpleasant year might be just beginning. Only good news will change it.
Anavex looks poised to be able to sell the company to some big pharma some day... nothing wrong with that, right? Anavex looks prepared to continue developing the next trials, how long will this take... in order to present good news of success. I believe the Doc said all of 2024 and into 2025 for any compelling news. That means to me... the short traders will have all the time in the world
to sell the price down to very low bottoms, all over again. The ugly painful bleeding down game is poised to revisit all the low targets from 4 and 5 years ago. Those low targets are in the 2's. But in the wall street trading process, it's step by step, one or two steps at a time. We are at 5 dollars now, ending the bullish pattern, and IF the sellers can demolish the share price, we would see 5 go to 4, then bouncing and tumbling and hitting 3, and on its way to 2 if the MM's want to allow that to happen. The entire year of 2024 and into 2025 is a long long time for shorts to make a lot of money. While longs can only watch and patiently suffer, like we have over these last 13 years. Only very good news can stop this game.
Did you know that...
Governments use astrology horoscope charts. professional astrologers advise kings and presidents? Nations have a Natal (birth) horoscope chart. And they can be analyzed.
You're very welcome, nidan, thanks for the kind words.👍️
I am not doing anything for the first time, I'm doing the same chart analysis I've been doing and sometimes forecasting, ...for the past 10 years. I used to post charts, but not currently.
Good question, boi, ... better still... why would someone who doesn't even study Chart analysis, and knows little about it ... make nonsensical comments about TA, as if they have Any understanding, and they just automatically dismiss what TA analysts have to say. While they react with clown and dogschitt reactions, the price moves exactly where I said it would probably go. Chart analysis is a useful skill. I appreciate good analysis wherever it comes from. We have some good medical and fundamental analysts here. I pay attention to what they say as well.
@ nidan, fwiw, I don't focus so much on close of day, but instead see where the low and high went, and if any targets get reached... like today did. See what support broke down or held, etc, and now, see where overhead resistance is waiting to strike again. Watch to see if the low holds at 5 now and pivots upward, and climbs strong or weak, watch to see how many times price bounces down at the resistance capping zone, unable to break through. That resistance in my view, is waiting around 5.30-5.45 area if we see any bounce tomorrow. Right now, the bigger chart picture has made an important move today... a double bottom at the 4.95 bottom. If we don't see some kind of decent bounce here, in the next 5 days, to at least climb back to retest 5.80 area, then the sentiment is looking bearish, in my view. Not neutral, bearish. But it just has to be watched now. Resistance starts now at 5.30 area. Every step higher is testing resistance that could cap and roll over and tumble, like we've been watching since January. Without some good news, I don't think the bleeding down will stop here at 5. But I could be proven wrong.
I haven't 'graduated ' to anything, and I'm not making predictions. I've been on this forum for over 11 years. Your name seems pretty new to me here. I'm watching the price action develop patterns and move to support/resistance targets. I never see the TA naysayers post chart analysis, maybe they're afraid to. I don't mind discussing the chart picture. I appreciate other skillful vision. Feel free to share your chart analysis.
Excellent post. I agree .
There's not much else to say. Short Sellers will take it down , in dollar wave steps, 5, to 4, maybe to 3, and 2 like they did 4 years ago, and only good news will stop the bleeding. Or if the MM's can control the bottom and they decide to set the floor. Isn't there a big analyst firm that just revalued it from 50 to 40 ? Imagine 40 dollars 🫨 I can't imagine 10 dollars in 2024. at this moment. But I can imagine it falling to 4 and into the 3's. Look at people's reactions, clown dogshitt.. because why? they don't think it could continue tumbling to 4 dollars? Let's see what happens.
I don't feel like buying any here at 5, even though it's a technical target. I'm just gonna watch the price action for a while to see what it does next. There will be a finished bottom somewhere , but this downwave is still coming off the 10 dollar peak and disappointing news in January, maybe hasn't reached " bottom" yet. Watch the price action closely now, at this key "double bottom zone" , for clues. Overhead now is resistance around 5.30- 5.45 area to watch, if it gets capped and roll over, for the next downward plunge.
Is there much strong buying here at 5 dollars?
It's always been a trading/investment for me. About 25% trading/ 75% holding core. I always wish I took more profit at the tops, but thats been hard for me to do.I am still a believer in the science. But now very cautious about 2024.
Now, I'm going back to reexamine the chart from 2020... in that range from 5 to 2 dollars. We could be revisiting that bottom zone once again. It's always easy to see in hindsight, the decisions we " should have made " , like taking much more profit at 30. But now we're watching the downwave bleeding to try reaching the bottom zone again. Hasn't there been any success at all? Would it not be reflected in the coming bottom zone that develops this year? Or will the price just be driven back down to 2 dollars .It just takes more trading work to navigate.and more patience to exercise. 5 dollar double bottom is being tested now. Below that lies the lowest bottom zone , 4.50 to 2.50. / 4.00 to 2.00
Ultimately, only good news will stop the bleeding down game. Here at 5 dollars is a big target on the chart, a double bottom. It's a key place to watch the price action closely now.
I agree. The sellers and MM's are in control.
don't you think this bleeding down to achieve the lowest bottom is the trading game and it won't stop until some good news stops it, or the MM's stop it.?
😅...try this instead... expect a large volume of MM buying ... at 4 dollars, in a few months. 🤔
And the week begins with the continuation of last week's downwave that began at 5.90/5.85 resistance, tested 5.65, 5.52, and today the 5.50/5.45 support was broken and bled down to 5.36. Today, was a good example of how the price bleeds down lower. If you look at a 5 minute chart, you see the game...price tumbles and bleeds to lower steps, bounces up a step or two, to hit resistance, and continues rolling over and bleeding down lower, Right to a key target area now 5.35/5.30. Next bounce to resistance 5.45/5.50, to roll over and bleed down to lower targets, 5.00/4.90 would be the next step to watch for. Only some good news will stop the bleeding down, or else MM's in control, decide to " Buy" at 4.00 , and they create a rally back to whatever price they want. 6 or 7 dollars, maybe. I imagine MM's and HFT Computers are in control of the trading game.
Maybe this could generate a rally in 3 weeks...?
🤔 🫣
@ Inv 2014, yes, sure, 8 is a big target zone (8.00- 8.40) , but seems to me like without good news, a rally of 2.50 to climb there would be a major move now. We got a bullish move like that last fall, in anticipation of big news by year end.... but isn't the situation very different now. Now, if 2024 is looking like a state of limbo , we could see weeks and months of price bleeding down , trying to develop the finished bottom. I think these last few weeks are beginning that process, not bouncing back up strong at all, currently unable to break through 6 dollars... sellers will be emboldened to try bleeding to 5 and lower. Will they have the whole year to get there? before any good news comes? If some trading game rallies the price up to 7.20/7.50 target at the key MA's, wouldn't that seem like the place for a major short attack, I might anticipate that, and it would take a good news rally to break through that resistance ceiling, and climb to 8. I'm thinking no real rally can happen without good news, and so right now, the cycle is looking to find the lowest bottom again. We should see some clues in the coming weeks, watching the small bounces, and the strength of capping resistance, watching the technical trading game now.
At the moment, the target I'm looking for, to even begin the first wave of a recovery bounce , is 6.80 area. A rally to 6.80 followed by a pullback support holding strong at 6 dollars. Then another rally to test those MA's at 7.30 area. I'm not very confident we'll see a rally like that right now. But I could be proven wrong. And if AVXL announces some good news soon, then that immediately alters the trading game.
Watch the price action today, clown. It should stay within a very tight range. 👍️ hardly moving. A neutral day today.
Watch your dog sh#it ,clown ... it's startin to pile up again. 😄
...............................................
Price targets to watch next...
Upward - 5.85 resistance cap to overcome, 6.00 to break through, 6.25/6.35 target, 6.50 target, 6.80 target , watch for rally ending and strong selling. Watch for support developing around 6.00/5.90. Time frame late Feb into March.
.........,.................
Downward- from here now, resistance cap at 5.80 rolling over and tumbling down to test 5.45/5.30, 5.00/4.90, maybe continue into the 4's, time frame now thru Feb. Price is still trying to find its finished bottom, after disappointing news launched the downwave from 10 dollars.
You're right... it was a much better forum 4 years ago when we had several very good TA analysts watching the price action. But gradually, some left the forum, because of ignorant comments
by idiots like you. But it's important to be honest, I see you have some decent understanding of the science and company fundamentals, which I listen to.👍️
Your shortcoming is your embarrassing lack of any TA knowledge. I respect TA comments from those who have some expertise, but when someone like you tries to dismiss it... it's just laughable, and sad . Stick with fundamental science and you'll be ok.
AVXL price action is doing what I forecasted it would do this week, which is to fight in the battle zone between key support 5.45/5.55/5.65 area versus resistance 5.85/5.95 area. And now the week ends in a neutral position right in the middle, unresolved. Resistance capped and support held. IF next week brings Any good news or promo news, and sparks a key breakout above 6 dollars, the targets I'm looking at are 6.30/6.50/6.80 area, followed by a pullback to retest 6.00 area. And momentum could try and become a little bullish, and try to make a second effort to climb again to target the critical daily MA's at 7.20/7.50 area.
Conversely, the other direction, downward... IF Resistance holds strong next week, and wins this battle, and breaks down support at 5.50, with sellers winning the bleeding down game, targets look like retesting 5.30 and 5.00/4.90 .
This small battle zone here, from 5.55 to 5.90, is all I need to be watching next week.
What are the real odds we get some good news next week? No news generates selling momentum to retest 5 dollars and push it as low as they can. Without some good news, 2024 could be a long tiresome year watching wall street bleed the price down. Like they did a few years ago. Only good news will stop the bleeding down game.
Mods, could someone make this a 'sticky' ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173762987
I used to watch the S+P closely. Now , just enough to watch the warning signs. Been hearing the dire warnings of impending "market crash" since October 2021. Decided after a year or 2, that it is all contrived and controlled. BUT china's evergrande is a real collapse concern.bears watching now.
I did see market down today, trying to come off the all time highs, even gold and silver plunged a bunch today. Ok... so let's think if anything positive to hope and watch... the support area around 5.45/ 5.55 ..... Will it hold strong and recover the upwave , and, to reach the 6.30/6.80 target ? we can only watch what immediately comes, at 5.50 support, then 5.85 resistance. That's where the next battle is, in my view.
I see what you're saying, smitty ok, so what I need to say, If I'm going to bother making analysis comments, is to mention what I think the odds are for a direction... when I mention odds are 50/50 that price could drop 60 cents or jump 60, it's because that's what the current price point and chart pattern is showing me, at the moment. Well, let's take today, now, as the next example. The small but hopeful rally that went from 5.30 pivot low, got pushed up yesterday to 6.00 and then painted end of day to 6.14. I said yesterday, I'm watching for resistance target zone 6.00 to 6.30, and the pullback could even start from yesterday's peak. I said 6.17, ( in case we got a small pop at today's open. ) So it was a Head's Up warning. Today plunged down , very ugly. And now tests support critical for any bullish momentum. ( 5.65-5.45 area).
Now, I'm watching for a shallow bounce to retest the 5.80 area and see if it gets hammered there and sent down again. Or rolls over a bit slower for a day, and then bleeds down. To lower lows and lower highs. This Rollercoaster trading game can be like this All year long... until we get good news.
My bias now is still looking downward to 5... and into the 4's. I felt I might be proved wrong yesterday, watching the rally. I feel not so wrong now. BUT... watching the price action still important, here at critical support, IF it holds here, could begin another rally effort. It just has to be watched. This is not a trade trigger time for me. This price at 5.55 area is a Balance point, that remains uncertain. From here watch the 5.80 resistance area for selling pressure. Watch to see if it has great force like what today had. That would be a Big clue for future downward momentum, into the 4's. And sets a tone for the whole year. Spending the next 6 months watching sellers trying to create the lowest Bottom they can... before good news comes. When will we get good news is the most important question now.
I agree with what you said. Especially if someone is making a trade call. The recent comments I've made were not trade calls... I was describing the details of targets, support and resistance. I said my own bias is looking downward. I didn't say I was making any trade here. My own trade targets are to sell some trading shares at the 7.50 to 8.30 target area. My buy targets are 5.00 , 4.80, and several steps in the 4's. And, i only buy very small amounts at a time. I'm doing intermediate time frame trades, swing trade targets. I don't do day trading. I don't tell people how or when to trade. I'm only sharing my own views about what I see in the charts.and sometimes, what trades I do.
My last decision ,and now current again, is whether to buy some more at 5.00 or wait until 4.75. Last pivot low at 5.30 I didn't buy. I wondered if I was proved wrong when we got this little rally. Today, I revived my view, and won't be buying any at 5.30, and I could be proven wrong again.
Look no further than today's ugly slam down. The AVXL Rollercoaster game is happening now. Yesterday's run up to 6.15 was a set up for today's slam down. We've seen this game before. That's why I said the playing field still includes targets at 5.30-5.00-4.80. And maybe we'll into the 4's.
There are rally targets from 6 to 8 to watch for. But the support has to hold strong. Right now retesting critical support steps at 5.60/5.50/5.45. Below that is 5.30 then 5.00/4.90. And this area from 5.10 to 4.80 becomes the next 1 dollar move in the down direction.
Watch the price action road map , idiot clown 🤡
How bout today's whipsaw slam down. Enjoy the AVXL Rollercoaster . When can we expect Any good news? You should be able to forecast that.👍️
Today's green candle...
Rallied above a key balance point for resistance around 5.80, and 6.00 , so the push to 6.15 was a small bullish looking move for one day. The support held at key 5.50-5.70 area last week, which is a small bullish feather in the cap, step by step, each small hurdle to overcome creates a real rally, ... toward key targets. Resistance now to watch from 6.00 to 6.30 . 6.30 is a key target. Above that is a major target around 6.80. The daily 20 ma is there. Above that are the ma's around 7.25 and 7.50 . Without good news, can price just keep running to 8 dollars? Without good news, where would the mm's and wall street trading systems begin to hammer the price back Down? Watch resistance around 6.25, 6.50, 6.80. for clues. Or maybe we'll see a rollover right here at 6.17 area.
Without good news, any rally is a risky rally. In my view, the current playing field still includes a possible downwave back to test 5.30/ 5.00 and 4.80 Area.
There are 1 dollar waves in the pattern . The current one is the upwave from 5.30 looking to target 6.30.
@plex wreck, and the others who took the time to show their ignorance of chart analysis, don't waste your time making idiotic clown comments. There are a small handful of good chart watchers here that I pay attention to. Stick to your fundamentals and you'll do ok. When you make stupid comments about TA you just diminish yourself. Good luck.
Smitty...have you ever done chart analysis?
When you study a chart and watch price action... do you only look at one direction?
Watch the price action next week, and we'll see if I plotted the road map correctly . Good luck.👍️
For the folks interested in TA...
The week finished...
What happened in the price pattern... we saw the bounce coming off the pivot low at 5.30 to peak at 6.00 , followed by a retrace to test the predictable Fib targets in the 5.50-5.70 area. The rest of the week zig zagged in this battle zone, 5.50-5.80, and remains unresolved for any clue to the next direction. The target prize from here looks to me like 75 or 85 cents up or down, which would be down to retest 5 dollars or up to test 6.30 area.
.................
The larger wave pattern saw the initial collapse from 10.30/9.80 area to 5.80, then bleeding down to reach the pivot low at 5.30.
Posing the question, will 5.30 become the finished bottom in this cycle? My view thinks not, but I could be proven wrong. If there come clues now for next direction, we could see Capping resistance next week around 5.80/5.90 and the battle ensues to test 5.50 again, watch that support closely, ... breaking down there could bleed to the 5 dollar target.
This is all just basic price action watching. AVXL needs more than 1 rally to climb back to the key MA targets around 7.50. Without good news, a 2 dollar rally seems like a lucky gift right now. But the targets down, to 5.00 or lower are already in play.
In an upward wave pattern, price needs 3 rally moves to reach the 7.50 target zone.In the downward direction, price needs only 1 move to target 5.00/4.80
Watching the price action... the pattern/map I laid out yesterday did exactly what I was anticipating. Opened with a final jump to test 6.00 resistance and immediately got hammered down and capped 5.90,5.80, and then testing 5.70, got pushed off the small cliff and sent down into the 5.55 support test. Sometimes the bus route runs to targets quickly in one day, like this, sometimes it takes a few days. It could zig zag for the rest of the week, in this zone, or get taken back down to retest 5.30 and target 5 dollars. The bullish hope now would want a rally tomorrow, by holding now at the 5.50 support and jumping back to push 6.00 and higher steps. My bias is a downward move to complete the 1 dollar bus ride from 6.00 to 5.00 and end the week at the bottom zone. I remain cautious/bearish for the whole month of February. But I could be proven wrong.
I'm not qualified to make any worthwhile evaluation of Missling's performance, but I know people here have mixed feelings. I do know how the manipulation game happens in wall street trading. As long as the science is good and the process is moving forward successfully, we have reason to be holding a hopeful investment.... but I always want to maintain caution with AVXL, because of times like now, and what we've seen happen to the price, can you believe that AVXL would surge to 28 dollars, collapse down to 1.75, surge back up to 31, collapse back down to 5 dollars. It's a terrible game to be playing around with one's life savings. You know one of the first rules of investing and trading is never invest more than you can afford to lose. And sometimes... Anavex forces me to remember that.
I also felt the bias was looking downward lower steps. But almost magically, some force of market magic decided that 5.30 was the place to bounce. I remain skeptical. Now if folks examine the candlestick details on a 5 or 10 minute chart, maybe looking at a 10 day or 1 month chart, the math and chart pattern looks easy to see, a technical picture. Points of shoulder support steps below and resistance steps overhead, the basic Fibonacci math projections line up perfectly. It's the kind of technical trading chart picture I'd expect to see when the price action becomes all technical trading. If this premise is correct, and the next moves continue, I'd be watching now for a finished bounce between 5.90/6.00/6.10 area, then watch to see what strength and eagerness the selling has to take it back down again. Support shoulders would be at 5.75/5.65/5.55/ and critical at 5.45. For the bounce to remain mildly bullish, and the pivot low at 5.30 to hold as a real 'bottom'. This is the next battle to watch on the current playing field. IF we get a pullback from this 6 dollar peak, and IF we see support hold strong at the 5.65 support area ...The next wave on the Fib projection would be looking at a 1 dollar climb to retest the 6.80 resistance peak you see in that 1 month chart. This chart pattern picture couldn't be more precisely crafted than it is, all technical and computer driven. It's easy to see the math behind it and the wave pattern is like the map of a bus route up and back and up and down programmed to technical targets .
.................... this is the picture being crafted in finer details on the short term pattern.
IF I were to see resistance acting stronger and support acting weaker in the next price action , I'd continue with a bearish bias, and watch for a capping around 6.00/ 5.80, and selling take over again to drive the price down 1 dollar to target 5.00 and 4.90 , and lower targets in the 4's remain in play. But these are all projections at the moment, step by step has to be watched. First a bounce to target 6 dollar area. Then a pullback to hold support, or fail to hold ,back at the 5.55 area. That's all I need to watch for now. It's a technical trading ballgame now. Waiting for any good news, real news, to establish a completed Bottom. The last cycle bottom held at 4.90/5.00. last fall. Do you think this low at 5.30 will be the bottom now? I remain very cautious here.
That's the next target, I agree. 👍️The bleeding down game continues.... it will reach a final pivot low somewhere. But without good news, it just keeps bleeding down .5 dollars is a magnetic target, but into the 4's is a good possibility.
@jonjones... I'm feeling similar, and having added about 25% to the investment last fall, now I need to sell that in the next rally... if we get one in the coming months. Disappointing to think 2024 might be a tiresome year wallowing near the bottom, like it was doing a few years ago. I can hold my core comfortably , but only because I was lucky to buy the bottom in 2015. I hope the best for the developing science and helpful medicine for people.