No doubt, after Saturday's surprisingly positive update, many here are optimistic about AVXL's price performance this week and for the foreseeable future.
Although unwise to predict short term price action, since you asked, I'll put forward what my crystal ball sees for this week's price and volume action:
1. Above average volume: Volume exceeding 5 million shares tomorrow with higher than average (i.e 2+ million shares per day) follow through volume rest of week.
2. Key resistance levels are $5, $6.20 and $8, all of which will be tested this week.
3. If volumes are twice or more than those projected in (1) above, a test of the all-time high of $14 cannot be ruled out.
Other: Announced partnership cannot be ruled out.
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