Thursday, March 30, 2017 4:03:10 AM
one more AVXL chart
falling knife target at 5.65
then needs to break above 5.80 and continue climbing thru the 6.15-6.30 barrier....IF we don't get this kind of rally now, and IF resistance continues to Cap at 6.30-6.00 area, then there is a risk of another plunge to lower targets at 5.40 area .
A bearish short attack campaign could send AVXL back to retest 4.40-4.25 area.IF we don't get a good rally in this cycle.IF it keeps getting Capped below 6.25-6.00
and IF we do get a good rally ,it looks like a 2 dollar trade to target 7.60-7.75 area
falling knife target at 5.65
then needs to break above 5.80 and continue climbing thru the 6.15-6.30 barrier....IF we don't get this kind of rally now, and IF resistance continues to Cap at 6.30-6.00 area, then there is a risk of another plunge to lower targets at 5.40 area .
A bearish short attack campaign could send AVXL back to retest 4.40-4.25 area.IF we don't get a good rally in this cycle.IF it keeps getting Capped below 6.25-6.00
and IF we do get a good rally ,it looks like a 2 dollar trade to target 7.60-7.75 area
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