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Sorry. First chart is an updated Weekly.
Last sentence under Monthly should read Weekly $5.52. There is no daily. LOL
Here is an updated but simple Daily. Note the green horizontal is beginning of strong upward resistance zone. Note green ellipse Dec 2021. We are testing that swing low candle now. All the way to 5.52 is now on the table depending on how long and deep this swoon extends.
https://stockcharts.com/h-sc/ui?s=AVXL&p=W&yr=3&mn=0&dy=0&id=p47278651908&a=1509056129
Here is a Monthly.
https://stockcharts.com/h-sc/ui?s=AVXL&p=M&yr=6&mn=0&dy=0&id=p85541263470
Note that the 100period is being tested now. Closed right on it today. If that fails, the red 150period is in play. Note Monthly chart 150 period is currently $5.55 right there with the daily possibility of reaching Daily $5.52.
Pathetic.
There are many corroborative entities such as Oxford for those statistics.
Totally laughable response
ROFLMAO.
BS on your #.
From the Congressional Budget Office.
"Developing new drugs is a costly and uncertain process, and many potential drugs never make it to market. Only about 12 percent of drugs entering clinical trials are ultimately approved for introduction by the FDA."
Other entities put the success rate between 11 and 16%. No one has it less than 10%.
Average time from P1 to approval 10.5 years. So obviously a long process. Estimated cost $1-2billion. These are all verifiable.
Your 1 in a 100 is a bogus misrepresentation.
Me too. I would rather be building a position again instead of waiting for a bottom.
Would like a $6.74 or higher close today.
Tomorrow is an OEX Friday. Could be really volatile. 45% calls 55% puts is the expiring split.
See how this plays out in market and AVXL.
Go to EnergyFinders IR on twitter and check out todays info.
Tru dat.
A seasoned bio-tech trader does not sell at lows. That is counter productive to profits. Period.
Now if they have been scared out or must sell for totally unrelated to bio stock reasons that is another thing.
However fundamental to trading is buy doom and gloom and sell euphoria.
AVXL. I am currently watch 6-6.62 zone on weekly. On daily I am watching to see if we have a bottom here. Rising fast MACD and flat standard MACD.
Money is negative (outflows) no matter which indicator you choose. Fast ADX10 is positive. SlowStoch10 has not turned up yet.. Candles are attempting a bottom on the Daily. Price still cannot sustain price above the falling daily 4ema. Ain't going up until the 4ema gives up its pressure.
Tom, IMO yes metals are being weakened. It may be that that Key countries who own US debt are selling that debt and not rolling it over. This strengthens the $$ and pushes PM's down. Look at a TLT chart. China and Japan and possibly Saudi Arabia are dumping. China and Japan want to strengthen their own currencies to help overcome their economic woes. Saudi's probably following China and Japan however more likely they want to reduce their US$ risk with the added exposure to rising oil prices.
Gold. On a weekly if the rising 50period doesn't hold then the 100period is in play. Currently 1903 and 1862. That is as far as I am looking at present.
Silver. Testing the 50period weekly now 23.23. 100period at 22.64. Silver 200period is at 22.62.
Those are my targets, which if they fail I will reevaluate. How this week ends is important as is next week for confirmation or continuation.
Everyone should read and understand the transaction and terms as stated in the Form 4.
https://ih.advfn.com/stock-market/NASDAQ/intuitive-machines-LUNR/stock-news/91993160/form-4-statement-of-changes-in-beneficial-owners
At the rate Biden is spending the citizens money, while the debt limit is off, until the coming fight over the budget resumes, plus the needed replacement rollover of US Debt, plus the major holders of previous lower interest US debt like China that are not buying and in fact have been reducing their exposure to US Debt, plus the worlds Central banks buying more gold, plus talk of China and Russia through the Brics creating gold backed currency now looking more and more like realty.
Oh well, I think the picture is pretty clear even without enumerating more of the endless monetary shenanigans foisted off on the public by congress, the Fed and the President.
The handwriting is no longer on the Wall. It is on millions of neon billboards throughout America and the public refuses to do anything about it because of all the handouts being given to them.
Guess I'll go take some meds and calm done. This ain't the America I once knew and lived in.
Thank you. Ya beat me to it.
Yes, an excellent update with substance IMO.
Observe and adapt. Great comment. Totally agree on that as a strategy.
4200 $SPX is the current 100period on a weekly chart. Very possible to test close to that.
Here is commentary from another poster on same site. Anyone here want to comment?
Yep, I see the 10-year yield was still rising overnight...now at 4.50%....that should push TBT higher and sink TLT tomorrow if it holds....that long bond yield is popping quite quickly...!
...an expert portfolio manager says there was a very weird bond spike a few days ago and he thinks it could be the smart money dumping bonds.......the most liquid, ultra-safe asset in the world suddenly went illiquid a few days ago...now, he thinks there is a big credit event coming!!! He says the entire US banking sector could collapse if this bond spike is a hint of things to come!!! Yikes....!!!😯
This guy says watch for GOLD as at some point, it will make a big move when bond yields go out of control....he also says watch Utility stocks (XLU as an example) as they are signaling a market crash, just as they did back in 1929.....but US Treasuries may be the credit event, but after a crash, bonds could rally as they always do after a market collapse.... 😮
He also compares the current year to 1987, which is a thesis I have been pointing out too for the past few months ....very interesting!
Got this from a poster on another site I frequent. Agree or disagree.
https://investorshub.advfn.com/uimage/uploads/2023/9/21/fknraScreen_Shot_2023-09-21_at_9.05.02_PM.png
Here is an example from June 11, 2021 (published date) of how the main FDA Advisory Committee makes decisions as a group over even their own appointed experts.
Three members of an independent Peripheral and Central Nervous System Advisory Committee, which advised against authorising the Alzheimer’s disease drug aducanumab because of a lack of efficacy, have resigned after the agency went ahead and approved it.1
One of those who resigned, Harvard professor of medicine Aaron Kesselheim, wrote in a letter to acting FDA commissioner Janet Woodcock that the approval of Biogen’s drug was “probably the worst drug approval decision in recent US history.”
Kesselheim was joined in resignation by Mayo Clinic neurologist David Knopman and Washington University neurologist Joel Perlmutter. They were all members of the independent Peripheral and Central Nervous …
Kind of crap AVXL is dealing with. Favoring big pharma over advancing what may actually work.
That isn't too hard to figure actually.
The entire bio-tech sector as shown by XBI is down substantially during the same time. Add in the entire market is on the verge of losing 50period support.
Add in the many who want to see AVXL fail and are disingenuous in their negativity. Add in that other than funding there is no company or product revenue for AVXL yet. All of this is quite normal for such an early stage company. Because of these factors and others the volatility is exacerbated.
If an AVXL buyer didn't understand the historical norms for baby bio-tech progression and risk then now they know reality in this sector.
Just the way it works. Commodities, crypto, tech, AI, robotics etc all have periods like this individually and as sectors too.
I do not agree with the candlestick identifications from American Bulls for either one. (Daily)
Yes yesterday was a dragonfly doji however today was an inverted hammer for AVXL.
These two candlesticks together denote potential for reversal not yet full speed ahead.
I do agree it needs more confirmation.
So far what I see is there was tentative buy on a 30minute chart at 7.08-7.10 for those who who like to scale into a stock with a potential bottom and they are planning on adding if it continues to drop and retest the low or have a tight mental stop they can sell at. I always use mental stops so the MM's can't catch me in a break of stripping stop prices initiated by their trading bot.
Looking at a Daily
SAVA has a hammer candle yesterday and an inverted hammer today. Again this is not a confirmed buy signal by itself.
What SAVA has going for it is the higher low pattern developing which AVXL does not yet.
Both stocks have some decent indicator support, however the chart position of price in SAVA is much stronger than AVXL.
IMO, SAVA has potential upside to 50 period which is descending. If it can confirm above the brown 50 then the green 100 is in play. Lots of resistance as noted in the longest VbP bar.
AVXL is dealing with a strongly down angled lower bb and negatively stacked 4,8,13ema's before even testing the down angled mid lines. Today it just barely clawed out a close inside that lower bb.
Conclusion IMO, both need more building with SAVA in the stronger position of the two.
My view is though they have potential the feel they give is overly optimistic. If they are that optimistic what are their target prices before taking profits.
Not a financial consultant or anyone authorized to give trading advice. Just my interpretation of the tea leaves of a TA chart.
I trade more because I day trade from 3 ETF pairs. On any day I can trade the direction and gain a little green. Never thought I would become a daytrader, but I refuse to leave that money in the market overnight or weekends. Also, don't want to give up anything from decay. They reset every day so I do too. It makes life simple for me. Then I have a few big board stocks I will ST swing trade on and off rotationally. Lastly a couple lotto plays.
For the most part I focus on steady profit, liquidity, cash and lowest funds at risk as possible that will accomplish my goals. Also, need to keep it simple so wife can know what to do if I don't wake up tomorrow or can't trade for any length of time. For now it keeps me busy at home while she does her hobbies. Then travel to see some more of this amazing world and visit grandchildren or their parents.
You earned the relaxation and some fun. Good for you.
My first great grandchild is due next month. Looking forward to greeting that beautiful girl.
Green Trading Everyone.
That reduction IMO is like merging stores, auto dealerships, appliance companies or any other business. Retail customers get screwed again.
Retail is so small of the market flow any and every advantage is consumed by the MM's, Hedgfunds, Dark Pools, Institutions etc. Who as a retail trader can afford level 3 access or pay for programming skills on a level to compete with those big boys when they get all the data and news before we do?
Then you are undoubtedly aware that "SOES bandits" have now become the current HFT's.
I won't even get into the cushy relationship between the FED, SEC etc with the investment industry and banking at the expense (rape) of retail.
My trading has definitely changed over the years based on such issues and then my age. I trade a lot differently at 74 than I did in my 30's.
I use TA far more and trade much more often.
The DTCC, ex-broker systems, Dark Pools and everything else that allows for counterfeit stock is illegal and unfettered. SEC doesn't care. The rule of thumb is "retail trader/investor beware". What happens today with shorting is flat out wrong. (won't go into full blown rant).
Probably more than you bargained for as a response. 🙈🙉🙊
Any other board but Tom's and this would likely be deleted. lol
Aw, you mean a 45million share buy day like in Sept only with follow through like Multiple 5-10million+ days or more of buying. That will take major news.
Shorters and bashers don't give in over 1 or 2 days. They need to be ground into dust.
Shorters know how to cost average just like buy traders.
The biggest difference is their profits can be tax free if they never have to buy, because every trade needs two sides to complete the transaction for tax purposes.
Provides great incentive to drive OTC companies and even lower priced NAZDAQ companies out of business or so damaged they never recover.
Without at least strong news it will be very tough to take out Aug, June and Feb highs. Lots of resistance until 9.65.
Agreed.
From a Daily I just round off an average of the horizontal candlestick tails and call it 7.60ish for beginning strongest resistance until longest VbP bar zone.
Swing candle theory marks a swing low (SL)candle in blue ellipse and between blue horizontals as a resistance zone from 7.44-7.78.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p64453455113&a=1503629128
PS: XBI got rocked today on 30minute. Huge deviation outside the bands. Both Kchannel and BB's.
Here is AVXL on the 30minute. click on AVXL and put in XBI to see XBI 30minute.
https://stockcharts.com/h-sc/ui?s=AVXL&p=60&yr=0&mn=0&dy=25&id=p23987043963
Those were two big AVXL buys. 264,165 shares in two minutes. 😎
Tomorrow should prove interesting for AVXL. Daily closed with a dragonfly doji potential bottom.It is not generally considered reliable so confirmation is necessary.
Sellers prevailed first 35 minutes then buyers brought it back. 5minute shows resistance at yesterdays close for the last 4 hours of trading..
Just curious.
Did you buy the $8 or $10 calls. They are the only call prices with enough open interest to contain that much investment. I didn't think you went all the way to a $12 strike price for that date.
Green Trades.
Yes, I follow XBI as well. It is certainly part of the price problem.
https://stockcharts.com/h-sc/ui?s=XBI&p=D&yr=0&mn=6&dy=0&id=p98460024673
Nice discussion. I am looking to build a position again. I dumped the 7.32's I had bought yesterday in todays pre-market rise for 7.25. Watching Weekly and also the 5minute and 30minute and daily. On 5 minute the battle is in the 6.92-7.02 zone with the descending midlines as strongest resistance for the 2nd day. On the weekly if this week ends red that will be 6 consecutive weeks. The longest such red period in over 6 years. Big ? for me right now is whether or not todays low gets tested.
Green Trades.
Updated 5 minute chart.
https://stockcharts.com/h-sc/ui?s=AVXL&p=5&yr=0&mn=0&dy=3&id=p19941307235
PS: 30minute is trying. We shall see. Lots of resistance here to yesterdays 7.13 close.
IMO, it is all about 7.13, todays close and what comes tomorrow by way of support or more down confirmation. Odds generally favor the prevailing trend.
If 7.13 can't win the fight then that 6.31 is definitely in play.
Makes no sense from the fundamental side IMO. Pure manipulation IMO.
By the way, that is just my opinion. LOL 😇
Had to switch from daily to weekly chart for possible support and buy opportunities.
https://stockcharts.com/h-sc/ui?s=AVXL&p=W&yr=5&mn=0&dy=0&id=p93926737676&a=861844297
But, but, it was a perfect example of error riddled redundancy. The AVXL board has become notorious for a multiplicity of such posters.
AVXL just keeps marching forward. As important as the past was to getting here, now is the time for bringing all the facets together. All early stage bios at this point in their progression have had ups and downs and periods of seeming instability. Just part of the process.
The fact that AVXL is still on the same path they set out on over a decade ago with no major failures or science pivoting already sets them apart from the vast majority of incubating baby bios. Excited to see them complete the early potential and gain monetization following an approval, or two or three. 😎
Success is closer than it has ever been. Git'er done. The negativity is close to getting kicked to the curb. Making it happen is more important than trying to be rich by noon tomorrow.
Green wishes to all the real AVXL longs.
Still here, still bullish, just continue to wait until progress going on in silence is reported. Innovative technologies don't flourish overnight. It is a long process. The current stage IMO can be frustrating for those who want immediate results, however it is necessary for the future success of eBox and EGYF. All IMO only.
Green Trades.
Tom, don't forget this was a triple-witch week end as well. Market went after puts yesterday, coinciding with news, then went after the calls end of day and today.
Carried over into the AVXL price action IMO.
I agree with you that it is all about pattern trading until it isn't. Even then, no matter how high it could be in 2 years+, there will be patterns for traders. The only difference will be whether one decides to hold more longer or continue the trading shares.
When major news comes, it may produce the mother of all short squeezes.
This information is from NASDAQ. com
https://www.nasdaq.com/market-activity/stocks/avxl/short-interest
The problem with your response is it is based on undefinable data points. You cannot validate "what the PR was supposed to mean" in measurable terms. Not to mention the fact that your point of comparison of move size to the PR is totally subjective opinion on your part and not measurable. Facts must be measurable as well as fixed to be facts. Factual conclusions can endlessly produce the same result. Opinions are variable.
You cannot validate your statement about people getting in at 7.57 to 7.80 all (did you mean only) trying to make a quick buck. Did you mean to suggest there were no buys all day at the days best prices to hold beyond today? That is how it reads.
LOL, there is no substance in your response, only fizzle.
That's ok, I get it. Shifting the target and not responding factually with issues that are measurable creates endless back and forth.
Over and out.
Actually, it was just the opposite.
XBI an ETF for the biotech stocks was down 0.10% while AVXL outperformed the sector ETF by being up 3.97%.
Conclusion: AVXL was found to have more positive than the sector average, which was negative and thus the PR was perceived as positive leading to an increase in price.
Also, a secondary conclusion is that AVXL followed the general market, UP, even though the sector was down.
Fact: whether one compares the sector or the general market AVXL was UP positively today.
In fact, AVXL was up over 3 times the Dow increase %.
Tom, I didn't answer your question to me on the AVXL site because I am trying to get that basher to give some substance that counteracts his "AVXL is a piece of sheet" rhetoric when he talks about buyouts and a much higher stock price after saying the stock is a fraud in a different post, but he owns it.
I line up more with your step by step scenario. It all depends on the success of several trials and what gets full approval. I think if just one is even able to make a nice market penetration, 30-50 is very possible. It hit 31.50 just barely a year ago. If one becomes a standard of care then 100+. One of each could reach 150+ and 2 becoming standard of care then 200+. Market potential is huge and given only 90million O/S playing with #s can quickly reach the stratosphere and brain freezing.
I haven't even explored a true multiple PE multiples ratio for this kind of biotech. LOL
So, I just stick with the trading steps and am now in re-accumulation mode.
Lots to like about the daily chart as it is setting up. Interesting last 3 days of candles. Indecision doji, inverted hammer and today another indecision doji with price up .29. Looking for whether the close today at or above the two midlines confirms tomorrow and Monday. Then how the pinching BB resolves with price reaction and finally making a support base at 8.30 or better.
I don't drink tea, but this is my abbreviated reading of the daily leaves. 🤔😎
You giving a set price would help me to understand how much value you think should be received by you as a shareholder before you stop being a share holder.
What cash price in AVXL satisfies you in a buyout?
What is your minimum buyout price?