Thursday, August 17, 2017 2:25:00 AM
Watch AVXL at the open tomorrow if you can.
in case it does a smash down at the open and plunges to the target zone below 3.80.
It sits teetering at a cliff edge around 3.90, a good set up for the plunge down into the bargain zone (3.75-3.55) That zone is also a reverse head and shoulders (shoulder zone) where support holding there could begin the rally bounce. it could become the beginning of the next 1 dollar move, from 3.65 to 4.65, but too soon to forecast that move yet.
I have stink bids around the 3.67 and 3.57 area. but if it stops at 3.69 I might just buy.
If it doesn't plunge down tomorrow,it might be more idle tomorrow going nowhere, but setting up to plunge down on Friday.
in case it does a smash down at the open and plunges to the target zone below 3.80.
It sits teetering at a cliff edge around 3.90, a good set up for the plunge down into the bargain zone (3.75-3.55) That zone is also a reverse head and shoulders (shoulder zone) where support holding there could begin the rally bounce. it could become the beginning of the next 1 dollar move, from 3.65 to 4.65, but too soon to forecast that move yet.
I have stink bids around the 3.67 and 3.57 area. but if it stops at 3.69 I might just buy.
If it doesn't plunge down tomorrow,it might be more idle tomorrow going nowhere, but setting up to plunge down on Friday.
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