AI
Tuesday, May 16, 2017 3:17:30 PM
The "daily AVXL report"...
its actually not essential to watch the fine details daily, or all day, because there isn't always a new development every day. AVXL can go for weeks doing nothing but slide sideways. or make these small zig zags climbing up 2 steps and bleeding down 2 steps, in a waiting pattern. Its still in this waiting pattern now, since it based at 5.50-5.60 and has tried to rally , hits the 6.15 resistance step and then falls down a step or two, and this is whats going on now. Instead of zig zagging at 5.85 now its zig zagging at 6.05, but its the same picture in this zone, below the targets 6.15/6.30 and 6.50/6.65
this is a 'rally' wave still trying to develop. trying to climb to hit the pivot resistance targets at 6.15 and the next one above that at 6.30. it could blast thru the 6.30 only to get Hammered down at 6.40...and fake out the topside gamblers who think buying the "breakout" is the way to play. It is NOT. it is a recipe for a fast loss,a fleecing by wall street. folks who buy at 6.32 could easily see a whipsaw slam down from 6.40 to 6.00 in an instant plunge. Like all the other plunges we have been treated to. (6.15 to 5.17,6.15 to 5.50,6.49 to 5.60....etc
AVXL will rally 1 dollar and plunge 80 cents. I don't expect that to change. when it hits 6.60 it could plunge (sell) down to 6 dollars right away. so there is no safety at this 6.10-6.60 resistance zone. The rally pattern takes time to stabilize.
It might be safe to say the 4 dollar base is safe now. maybe the 5 dollar base is also safe. but anything overhead from 5.70 to 6.70 is very unbaked and still developing.
Today, we see the support step at 5.97 holding ok...but the capping at the 6.10 step is holding as well, so far. not much to report today,other than its bullish in sentiment, to see the 5.97 holding support one more day. as if... it wants to be a true support. we will see about that some day.The true support zone is lower, around 5.70-5.85 , currently, and this next higher step at 5.95 is still very wet in this pattern. needs time to dry.
The target is still 6.30 for the next movement to watch. which should be a resistance trying to take it back down to test 6 dollars again.
the target is stil a few steps away.....
another boring day theme song...
http://www.bing.com/videos/search?q=Take+a+Break+Driver+8&&view=detail&mid=76AD98519D43FF173F5176AD98519D43FF173F51&FORM=VRDGAR
its actually not essential to watch the fine details daily, or all day, because there isn't always a new development every day. AVXL can go for weeks doing nothing but slide sideways. or make these small zig zags climbing up 2 steps and bleeding down 2 steps, in a waiting pattern. Its still in this waiting pattern now, since it based at 5.50-5.60 and has tried to rally , hits the 6.15 resistance step and then falls down a step or two, and this is whats going on now. Instead of zig zagging at 5.85 now its zig zagging at 6.05, but its the same picture in this zone, below the targets 6.15/6.30 and 6.50/6.65
this is a 'rally' wave still trying to develop. trying to climb to hit the pivot resistance targets at 6.15 and the next one above that at 6.30. it could blast thru the 6.30 only to get Hammered down at 6.40...and fake out the topside gamblers who think buying the "breakout" is the way to play. It is NOT. it is a recipe for a fast loss,a fleecing by wall street. folks who buy at 6.32 could easily see a whipsaw slam down from 6.40 to 6.00 in an instant plunge. Like all the other plunges we have been treated to. (6.15 to 5.17,6.15 to 5.50,6.49 to 5.60....etc
AVXL will rally 1 dollar and plunge 80 cents. I don't expect that to change. when it hits 6.60 it could plunge (sell) down to 6 dollars right away. so there is no safety at this 6.10-6.60 resistance zone. The rally pattern takes time to stabilize.
It might be safe to say the 4 dollar base is safe now. maybe the 5 dollar base is also safe. but anything overhead from 5.70 to 6.70 is very unbaked and still developing.
Today, we see the support step at 5.97 holding ok...but the capping at the 6.10 step is holding as well, so far. not much to report today,other than its bullish in sentiment, to see the 5.97 holding support one more day. as if... it wants to be a true support. we will see about that some day.The true support zone is lower, around 5.70-5.85 , currently, and this next higher step at 5.95 is still very wet in this pattern. needs time to dry.
The target is still 6.30 for the next movement to watch. which should be a resistance trying to take it back down to test 6 dollars again.
the target is stil a few steps away.....
another boring day theme song...
http://www.bing.com/videos/search?q=Take+a+Break+Driver+8&&view=detail&mid=76AD98519D43FF173F5176AD98519D43FF173F51&FORM=VRDGAR
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
