nice pop today from yesterday's low (3.46)...
then 4 dollars got hammered down but held a higher low (3.65) now the coiled triangle appears at 3.75 (I bought some here) and this bounce has a chance to run,and begin a recovery rally.
IF the powers intend to play it like that.
This money making game for them, where will be their best entry point for their next short attack fleecing? In my view, they might think theyve got as much out of this collapse for now, holding bottom at 3.50....while the lowest bottoms were just below at 3.30....curious....why not take it to the bottom so near by....no, not at the moment...3.46...clever. but just right for this bounce to 4 dollars....could bounce it higher , maybe 4.60-4.80 resistance....then slam it down again. There was one of these bottom plunges months ago when 3.29 became bottom...a rally bounce hit the 4.90/4.80 resistance....then was slammed back down to 3.30...this game could repeat again, At the will of the Powers. Good news,played like a violin, slam down goes the share price. next day, good news gets presented with a more clear understanding,....Up goes the bounce. Where does the Power players need to push the price back up, so they can slam it down again to make a nice weeks pay? 4.80 is the first decent technical target zone on my chart. there are more above that. Like growing chickens to get fat before slaughter... time to refeed the flock in this bounce. fatten it up, and set up the next kill. I imagine this very game we just got played...will become the more consistent norm, big swings, in a range pattern, with dilution, with short attacks, with all the games, including the ones played now....begin the bounce from above the 3.30 bottom...then later, send it down to the 3.30 bottom. a nice tricky game. So how high can they take it now in this bounce,thats not too high as to leave the bottom zone atmosphere,but just high enough so that theres good profit in the next slam down....maybe 4.80? then we get the next slam down from I dunno, 5 dollars to 3 dollars? it could happen. or something like that. or a grander scale slam down, like the one from 6.49 to 3.87.... the charts can offer some good clues as they develop it.
I need detailed analysis of a chart for any analysis to be useful.
I can just say ...the target is 4.80 in the current cycle bounce...but unless I can explain it and show it, then its meaningless.
You folks who want to just pop in and proclaim a price target , show a chart and make the effort to explain it please. otherwise theres no value to it.
I see this so far.
1) First and foremost the wall street powers are Slamming AVXL in orchestrated short attacks ...Always....always. at every golden opportunity, when the right time comes, by now this should be clear to everyone.
2) When will they do it again is the critical question.First craft a bounce to sucker in the sheeple. make it look inviting. take it to the best resistance point. generate the momentum into some catalyst...if there isnt a catalyst create a false one or pump it up somehow...let the price run to the big target points, like the 200ma at 5.60 area....then orchestrate the next Bash. and take it down from 5.60 to 3.60....and the game continues.
Work it up to 8 dollars , then take it down to 4 dollars, and the game continues.
We may see the game eventually ,if not soon, then in the next cycle a month or two from now, take it down to test 3.30 and 3 dollars.... Only the wall street powers know what their trading supercomputers and decision making algos want to do with this game.
Nice to buy some here at 3.50/3.75 seems ok now. I was cautious yesterday. but today's bounce looks ok so far. Watch the resistance danger zone around 4.10, then 4.70 in this bounce. 4.30 might offer a pause. I'm watching to see what the resistance steps look like on the way up. and how the short attack sets up for the next slam down. Many resistance steps overhead now to climb back.
At this point, after being in this miserable game for the last 5 years in this biotech.... the one thing I dont want to do is ever say..."the bottom is in" not now at 3.46 not the 3.30 either. not 4 dollars. This is a manipulated Game of wall street power big money tossing us around like rag dolls, and thats All this game is for them. they manipulate price ,take the money and do it as often as they can. Its a short attackers dream play. Where will they strike again?
So far, the most likely target I see is the 4.80 area in this first bounce, then at the 200ma area around 5.50-5.65 area BIG danger zone there at 5.60 area, when the time comes.
Studying the chart's previous wave patterns is instructive now....all those roller coaster waves from 3.30 to a top , then back down again. The chart is now set up for that same game all over again. and all this is a fair description of how a Range Pattern gets crafted. from 3 dollars to 8 dollars. and back down again. 3 to 6. 3 to 7. 4 to 8...someday, maybe 5 to 10 and back down again.
AI
