123Tom's TA study group

[123tom]

Oooooh,3.20....

Bill, I think a drop from here to 3.20 would be an ugly looking failure for the rally. to retrace all the way back down?..... spoils all the bullish momentum.

Of Course I would buy some there too, but as far as wave patterns go, it would be a stronger show for a bullish recovery to see price hold right here at 3.70 and rally up again to test 5 dollars. I think we could see another dip tomorrow or next week to try and test 3.50/3.60 , maybe even 3.35 as a bottom zone but even that kind of drop to 3.30 doesn't look so good. it makes the rally look like just a fake breakout. and the share price wallows back down around 3.30 bottom zone again. its a momentum killer for AVXL if that happens.
We need to see bullish follow thru here.