AI
Tuesday, June 20, 2017 3:05:00 AM
Another look at AVXL ...long time frame
Bullish recovery into the 6 dollar area ,AND holding support at 5.50/5.60 in a pullback, would revive the pattern that shows the target zone at 7.30/7.50/8.00/8.60 area
Bearish strength would not allow this kind of rally above 6 dollars and might even Hammer AVXL down as soon as 5.70/5.80 area. The key moving averages at 5.80/5.85 area are adding to a wall of resistance,thats the logical place to anticipate the next short attack .
especially if we see any surging big candle jump from here to the 5.85 zone. I might guess that it could be immediately slammed back down with sellers attacking. but I could be wrong. we have to watch what happens next .
Bullish recovery into the 6 dollar area ,AND holding support at 5.50/5.60 in a pullback, would revive the pattern that shows the target zone at 7.30/7.50/8.00/8.60 area
Bearish strength would not allow this kind of rally above 6 dollars and might even Hammer AVXL down as soon as 5.70/5.80 area. The key moving averages at 5.80/5.85 area are adding to a wall of resistance,thats the logical place to anticipate the next short attack .
especially if we see any surging big candle jump from here to the 5.85 zone. I might guess that it could be immediately slammed back down with sellers attacking. but I could be wrong. we have to watch what happens next .
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