Sunday, March 26, 2017 5:53:48 PM
AVXL chart....
just the basic Fibonacci road map here...
IF the resistance overhead at 6.10-6.15 is strong and forces a capping, and IF the powers would use that to bleed price down again,in the face of momentum and more investors entering a position here....how far down the next retrace could go I cant say, but resistance at 6.10/6.15 could trigger a pullback for one more dip to buy. I'm watching for the 5.80-5.70-5.65 area as a target
just the basic Fibonacci road map here...
IF the resistance overhead at 6.10-6.15 is strong and forces a capping, and IF the powers would use that to bleed price down again,in the face of momentum and more investors entering a position here....how far down the next retrace could go I cant say, but resistance at 6.10/6.15 could trigger a pullback for one more dip to buy. I'm watching for the 5.80-5.70-5.65 area as a target
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