Monday, May 15, 2017 7:29:47 PM
Monday may 15....AVXL
bounces to hit the Bollinger top band at 6.10 then gets smashed down end of day to test 5.95/6.00
Relatively small steps on the technical chart pattern, but very meaningful to the technical chart pattern as it plays out. This is a critical battle zone (5.70-6.10) area,centered around 5.85/5.80, now climbs a step higher, but the zone is still in play down to 5.70,and up to target 6.30 area.
The current rally bounce is showing a Fib target around 6.30, and first to retest 6.17....the capping today at 6.10 was controlled, to prevent the finish surge to 6.15 target zone, they didn't want that to happen in this bounce today. it shows me that there is still manipulation happening in the price patterns. the target now is 6.17 pivot. after that is 6.30 pivot. but the support zone below is also still a target for a retest, IF you want to buy more shares at the 5.85 area, you still might get another chance in the current picture. I don't know if the MM's will generate a pullback to retest 5.75 now, but obviously this is becoming a buy zone for the technical price action.5.75 area.
One key to watch is a battle around 6 dollars. IF we see price faltering at 6 dollars and falling back to 5.80 area with easy strength, that's a bearish sign, mixed in with all the bullish signs, a bearish movement like this, failing at 6 dollars..... could generate another downwave to retest the 5.70-5.60 area. as the "bargain zone to buy"...the key is to see Failing struggle at 6 dollars.
If I had to guess for a forecast,I would say we might see another plunge to 5.85,or 5.80 again...so I don't feel any need to chase price at 6 dollars or buy too soon here.
In fact, IF/when the rally hits the finishing target at 6.30, the sellers could attack there and take it right back down to 5.85 all over again, so this whole zone (Resistance) from 6.00-6.30 ,and the (6.40-6.64 above that) is a resistance zone that could get Hammered down Anywhere in this zone.
The support zone looks now like the 5.70-5.85 area,and below that of course is the 5.50-5.60 base.
As a trade, I'm not too interested in buying at 5.75 just to sell at 6.25 and make a few hundred dollars while I pick lint from my belly button.
but the larger swings, from 5.50 to 7.00 or 6.75 might be worth trading a little. buying for the core stopped for me at 4 dollars.
but now, buying for the core would start again at 5.35 area,and lower.
This current zone around 5.85 is a neutral battle zone, that could propel price in the next move 1 dollar up or down, something like 6.50 to 5.50,6.80 to 5.80,when the time comes. or up from 5.50 to 6.50 that's one dollar up, 1 dollar down might be 6.80 to 5.80...something like that.
the support zone here around 5.85-5.75 looks ok. and so far after today's bounce to 6.10,makes the sentiment a little more bullish. IF we see a rally tomorrow above 6 dollars and look like it will hold above 5.95,and wants to retest the 6.15 target that would be the next bullish sentiment to add to the picture.
holding above 6 dollars now to rally to 6.17 and then 6.30
(but Failing here at 6 dollars would suggest a drop to test 5.80 again)
and IF we get another rally surge from there to break above 6.17 and target 6.30 this week, it becomes a bullish development continuing, in a larger pattern.... that starts to light up the magnetic energy for the 7 dollar target zone. (6.64-6.80-7.15 area)
as a finishing target in the current picture. Hard to picture the completion yet because much depends on how the Big Money trading and MM's plan to control the rallies. the technical targets go to 7 dollars and 8 and 9 dollars, different tracks go to these different targets, but all are in play on the charts. it depends on what speed the powers want to make that move, over weeks or months or days. what speed to the target zone. the next target in the current cycle is the 6.17 and 6.30. I need to see the 6.30 hit and then watch the selling attack and see how strong or weak it is at 6.30. Today's sell at 6.10 that plunged back to 5.97 was kind of strong. a clue to the future sell at 6.30 on these technical charts. It will need to be respected at 6.30, when the time comes.
But for buying more shares , another chance at 5.80 /5.85 might be available this week.
bounces to hit the Bollinger top band at 6.10 then gets smashed down end of day to test 5.95/6.00
Relatively small steps on the technical chart pattern, but very meaningful to the technical chart pattern as it plays out. This is a critical battle zone (5.70-6.10) area,centered around 5.85/5.80, now climbs a step higher, but the zone is still in play down to 5.70,and up to target 6.30 area.
The current rally bounce is showing a Fib target around 6.30, and first to retest 6.17....the capping today at 6.10 was controlled, to prevent the finish surge to 6.15 target zone, they didn't want that to happen in this bounce today. it shows me that there is still manipulation happening in the price patterns. the target now is 6.17 pivot. after that is 6.30 pivot. but the support zone below is also still a target for a retest, IF you want to buy more shares at the 5.85 area, you still might get another chance in the current picture. I don't know if the MM's will generate a pullback to retest 5.75 now, but obviously this is becoming a buy zone for the technical price action.5.75 area.
One key to watch is a battle around 6 dollars. IF we see price faltering at 6 dollars and falling back to 5.80 area with easy strength, that's a bearish sign, mixed in with all the bullish signs, a bearish movement like this, failing at 6 dollars..... could generate another downwave to retest the 5.70-5.60 area. as the "bargain zone to buy"...the key is to see Failing struggle at 6 dollars.
If I had to guess for a forecast,I would say we might see another plunge to 5.85,or 5.80 again...so I don't feel any need to chase price at 6 dollars or buy too soon here.
In fact, IF/when the rally hits the finishing target at 6.30, the sellers could attack there and take it right back down to 5.85 all over again, so this whole zone (Resistance) from 6.00-6.30 ,and the (6.40-6.64 above that) is a resistance zone that could get Hammered down Anywhere in this zone.
The support zone looks now like the 5.70-5.85 area,and below that of course is the 5.50-5.60 base.
As a trade, I'm not too interested in buying at 5.75 just to sell at 6.25 and make a few hundred dollars while I pick lint from my belly button.
but the larger swings, from 5.50 to 7.00 or 6.75 might be worth trading a little. buying for the core stopped for me at 4 dollars.
but now, buying for the core would start again at 5.35 area,and lower.
This current zone around 5.85 is a neutral battle zone, that could propel price in the next move 1 dollar up or down, something like 6.50 to 5.50,6.80 to 5.80,when the time comes. or up from 5.50 to 6.50 that's one dollar up, 1 dollar down might be 6.80 to 5.80...something like that.
the support zone here around 5.85-5.75 looks ok. and so far after today's bounce to 6.10,makes the sentiment a little more bullish. IF we see a rally tomorrow above 6 dollars and look like it will hold above 5.95,and wants to retest the 6.15 target that would be the next bullish sentiment to add to the picture.
holding above 6 dollars now to rally to 6.17 and then 6.30
(but Failing here at 6 dollars would suggest a drop to test 5.80 again)
and IF we get another rally surge from there to break above 6.17 and target 6.30 this week, it becomes a bullish development continuing, in a larger pattern.... that starts to light up the magnetic energy for the 7 dollar target zone. (6.64-6.80-7.15 area)
as a finishing target in the current picture. Hard to picture the completion yet because much depends on how the Big Money trading and MM's plan to control the rallies. the technical targets go to 7 dollars and 8 and 9 dollars, different tracks go to these different targets, but all are in play on the charts. it depends on what speed the powers want to make that move, over weeks or months or days. what speed to the target zone. the next target in the current cycle is the 6.17 and 6.30. I need to see the 6.30 hit and then watch the selling attack and see how strong or weak it is at 6.30. Today's sell at 6.10 that plunged back to 5.97 was kind of strong. a clue to the future sell at 6.30 on these technical charts. It will need to be respected at 6.30, when the time comes.
But for buying more shares , another chance at 5.80 /5.85 might be available this week.
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