Monday, May 15, 2017 11:55:19 PM
as you would know....
buying 'smart' also means money management,right? and if I was tying that into chart analysis, I'm wanting to not buy in one single purchase, with all my money.
If there are 2 big target zones to watch , one being here at 5.75 area and the next one lower at 5.50. (I was watching the 5.50 and 5.30,back at the time) now the 2 bargain levels might become 5.75 and 6.00 some day. maybe soon. I also sell in portions as well.
In the task of finding targets overhead, I like to also look at the Pivot points, for target zones to watch out for. Bollinger band tops, pivot points, Fibonacci targets , happening at the Elliott Wave 5 completion zones, or (wave 7 zones) and if there are key moving averages there as well as shoulder resistance patterns on the chart then it really has to be seen as a Resistance target zone. AVXL shows the zone 6.30-6.65 as a resistance target zone, but its stretched to 7.10 on the technical chart if we get a continued rally to that target.
6.80-7.10/ is a technical wave completion target. another target zone is 7.50-7.75, then 8.00-8.30 target zone. then 8.80-9.00-9.20 target zone. and different chart constructions can show these targets .
but the current target zone, is the 6.15/6.30 resistance overhead. a real rally would hit 6.30, pull back to HOLD at 6.00-6.10 area , then rally again to target 6.50-6.80 area.
as a possible completion target.
One thing that will be very interesting , when the time comes, is to watch what price does, when it tests 6.64 peak, and runs higher, hits the 6.80 target zone and maybe will get Smashed down there, it will be interesting to see the games that the big money players do,with whipsaws and volatility and fake outs and short attacks , once price hits the 6.64 peak, and especially when it runs just above it, maybe to 6.80, the MM's could slam price down from there right back to 5.85 all over again,if they plan to. and some folks will be shocked to see it happen, when they are looking for targets to 7.50. Maybe the resistance at 6.80 would only take it back down to 6.30 or 6.10 area, but some kind of volatile attack should happen could happen, just above the 6.65 "breakout" area....a whipsaw slam down to come, a trick to get price back to test 6 dollars again. and that could become the way that the 6 dollar magnet starts to become set as a base developing.
One of the nice things about charting like this , with math patterns, is that you can just project them forward as well as study the past.
here are the Pivot points for AVXL. This one on the weekly chart at 7.14 has been there forever. its a definite target point.I believe many traders will sell some shares there.
Every one of these pivot points are targets....that's also why I liked the 5.30 target back then,but it didn't get hit.
On the weekly chart , you see the 7.14. above that is the 8.50 area. The Bollinger top band is flattening out around 6.80-6.90 area , the 20ma is heading toward the key 5.50 area, and might become a magnet target in a week or two, when the time comes for a touch and bounce, in a bullish rally. that bears watching the 20ma on the weekly chart .
The old pivot point is also around 7.00, so there is going to be resistance energy at the 6.80/7.00 area, and then theres the pivot point at 7.14.... this could at least be a station that pauses around 6.80-7.00 before even making any greater move to test 7.50. IF we get such a resistance at 6.90 area, there could be a pullback to maybe the 6.00-6.15 area as the "next best bargain to buy" I wouldn't be excited to have to buy shares at 6 dollars ....when I am ready now to buy at 5.75,and 5.50 my trading shares I would buy at 5.75 I would be selling at 7.75-8.30 area.
buying 'smart' also means money management,right? and if I was tying that into chart analysis, I'm wanting to not buy in one single purchase, with all my money.
If there are 2 big target zones to watch , one being here at 5.75 area and the next one lower at 5.50. (I was watching the 5.50 and 5.30,back at the time) now the 2 bargain levels might become 5.75 and 6.00 some day. maybe soon. I also sell in portions as well.
In the task of finding targets overhead, I like to also look at the Pivot points, for target zones to watch out for. Bollinger band tops, pivot points, Fibonacci targets , happening at the Elliott Wave 5 completion zones, or (wave 7 zones) and if there are key moving averages there as well as shoulder resistance patterns on the chart then it really has to be seen as a Resistance target zone. AVXL shows the zone 6.30-6.65 as a resistance target zone, but its stretched to 7.10 on the technical chart if we get a continued rally to that target.
6.80-7.10/ is a technical wave completion target. another target zone is 7.50-7.75, then 8.00-8.30 target zone. then 8.80-9.00-9.20 target zone. and different chart constructions can show these targets .
but the current target zone, is the 6.15/6.30 resistance overhead. a real rally would hit 6.30, pull back to HOLD at 6.00-6.10 area , then rally again to target 6.50-6.80 area.
as a possible completion target.
One thing that will be very interesting , when the time comes, is to watch what price does, when it tests 6.64 peak, and runs higher, hits the 6.80 target zone and maybe will get Smashed down there, it will be interesting to see the games that the big money players do,with whipsaws and volatility and fake outs and short attacks , once price hits the 6.64 peak, and especially when it runs just above it, maybe to 6.80, the MM's could slam price down from there right back to 5.85 all over again,if they plan to. and some folks will be shocked to see it happen, when they are looking for targets to 7.50. Maybe the resistance at 6.80 would only take it back down to 6.30 or 6.10 area, but some kind of volatile attack should happen could happen, just above the 6.65 "breakout" area....a whipsaw slam down to come, a trick to get price back to test 6 dollars again. and that could become the way that the 6 dollar magnet starts to become set as a base developing.
One of the nice things about charting like this , with math patterns, is that you can just project them forward as well as study the past.
here are the Pivot points for AVXL. This one on the weekly chart at 7.14 has been there forever. its a definite target point.I believe many traders will sell some shares there.
Every one of these pivot points are targets....that's also why I liked the 5.30 target back then,but it didn't get hit.
On the weekly chart , you see the 7.14. above that is the 8.50 area. The Bollinger top band is flattening out around 6.80-6.90 area , the 20ma is heading toward the key 5.50 area, and might become a magnet target in a week or two, when the time comes for a touch and bounce, in a bullish rally. that bears watching the 20ma on the weekly chart .
The old pivot point is also around 7.00, so there is going to be resistance energy at the 6.80/7.00 area, and then theres the pivot point at 7.14.... this could at least be a station that pauses around 6.80-7.00 before even making any greater move to test 7.50. IF we get such a resistance at 6.90 area, there could be a pullback to maybe the 6.00-6.15 area as the "next best bargain to buy" I wouldn't be excited to have to buy shares at 6 dollars ....when I am ready now to buy at 5.75,and 5.50 my trading shares I would buy at 5.75 I would be selling at 7.75-8.30 area.
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