Monday, June 19, 2017 4:09:38 PM
Ah yes,one more thing to "think about"
...I have to remember,the toothless hopes hinging on the next conference/publicity ...
right?? something happening this week? june 21 or whatever, because folks are really hoping it will generate a rally....I'm not inclined to hope like that. I look at what the chart is telling me.
AVXL .....upwave bounces and downwave short attacks.
This latest downwave was a collapse that was generated by the end of the bullish conference momentum, and the short attack began.
Now the downwave tries to bounce back. the resistance becomes more important to watch now, for more selling and that target zone for attack looks like 5.60-5.90 area and every 5 cent step along the way. Conference publicity?? what will that do against the wall street short sellers attacking this vulnerable biotech. waiting periods get attacked. The rallys happen in anticipation ahead of news. no news means short selling and attacking. and MM bleeding and manipulating. Last month as the rising wedge was holding up well, folks were crowing about how Institutions were"accumulating shares".... so what caused the plunge that broke the chart and hit 5.10 ??? Wall street games. The games will always continue. The chart is probably the most reliable thing to analyze. There is Danger overhead starting now, from 5.45 to 6 dollars. but especially the danger zone 5.60-5.85
in the middle of that is a bullseye target around 5.77
I may have to sell my trading shares there if I get too nervous as the wolves start attacking and the MM's are Capping.
The science is great. the hopes are great. the chart price action is bearish now, and momentum wants to take it down. Resistance overhead has potential to be very strong .and today was mild pausing around the first resistance zone at 5.45... unimpressive as far as "follow thru" goes. Maybe we get a big candle surge day tomorrow. But that doesn't change the resistance picture at all, it just gets there faster. and sets up a better slam down by the short attackers. ,Like I said the easiest trade now, would be to see a giant surge to 5.85 and I will unload the trading shares I plan to sell there. nice and easy. then I'll start buying them back at 5.35 and Lower. or else I wont buy any. Not at 5.60 or even 5.50. Its too risky. the Downwave target zone is 5.10 (which got hit) to 4.50 centered at 4.90.
Don't move until you see it.
...I have to remember,the toothless hopes hinging on the next conference/publicity ...
right?? something happening this week? june 21 or whatever, because folks are really hoping it will generate a rally....I'm not inclined to hope like that. I look at what the chart is telling me.
AVXL .....upwave bounces and downwave short attacks.
This latest downwave was a collapse that was generated by the end of the bullish conference momentum, and the short attack began.
Now the downwave tries to bounce back. the resistance becomes more important to watch now, for more selling and that target zone for attack looks like 5.60-5.90 area and every 5 cent step along the way. Conference publicity?? what will that do against the wall street short sellers attacking this vulnerable biotech. waiting periods get attacked. The rallys happen in anticipation ahead of news. no news means short selling and attacking. and MM bleeding and manipulating. Last month as the rising wedge was holding up well, folks were crowing about how Institutions were"accumulating shares".... so what caused the plunge that broke the chart and hit 5.10 ??? Wall street games. The games will always continue. The chart is probably the most reliable thing to analyze. There is Danger overhead starting now, from 5.45 to 6 dollars. but especially the danger zone 5.60-5.85
in the middle of that is a bullseye target around 5.77
I may have to sell my trading shares there if I get too nervous as the wolves start attacking and the MM's are Capping.
The science is great. the hopes are great. the chart price action is bearish now, and momentum wants to take it down. Resistance overhead has potential to be very strong .and today was mild pausing around the first resistance zone at 5.45... unimpressive as far as "follow thru" goes. Maybe we get a big candle surge day tomorrow. But that doesn't change the resistance picture at all, it just gets there faster. and sets up a better slam down by the short attackers. ,Like I said the easiest trade now, would be to see a giant surge to 5.85 and I will unload the trading shares I plan to sell there. nice and easy. then I'll start buying them back at 5.35 and Lower. or else I wont buy any. Not at 5.60 or even 5.50. Its too risky. the Downwave target zone is 5.10 (which got hit) to 4.50 centered at 4.90.
Don't move until you see it.
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