Thursday, August 17, 2017 5:30:42 PM
AVXL picture unchanged today...
sits precariously on the 3.80 "Cliff Edge"
Technically, if this would develop into a rally pattern, having finished the rally first wave at 4.19, making a wave 2 pullback now, that could dip again tomorrow to the lower targets in the Fib retrace, nothing wrong with that, except coming back up will find resistance here at 3.80-3.90-4.00 area to deal with when the time comes. including that same resistance all now right overhead.
3.80 will either be a launch pad now, or a cliff edge to plunge down 20 cents , for the technical dip to buy some more. Bleeding down can start all over again, here, bouncing and bleeding down. I suppose the financial games can take it back to test 3.30 again if they intend to.
Or have the trading powers decided that they will Hold price here at the critical 3.80 and blast a rally to the 4.60 target as the next move. I'm guessing 3.80 will get plunged down , maybe as soon as tomorrow, and bounce at 3.70, maybe hold there or roll over and plunge to 3.63. another dip to buy target as well. , and then that sets the stage for more plunging next week, until we see where the powers decide that they've taken it back low enough , to rinse and repeat this game.
I see no reason for a rally to blast off tomorrow. but if there is real true good news coming, then maybe the HFT supercomputers will start buying soon. or maybe they will buy strongly the next plunge to 3.65. who knows. some folks bought todays 3.80. I dont think this is the best bargain to buy.
...............................................................
sits precariously on the 3.80 "Cliff Edge"
Technically, if this would develop into a rally pattern, having finished the rally first wave at 4.19, making a wave 2 pullback now, that could dip again tomorrow to the lower targets in the Fib retrace, nothing wrong with that, except coming back up will find resistance here at 3.80-3.90-4.00 area to deal with when the time comes. including that same resistance all now right overhead.
3.80 will either be a launch pad now, or a cliff edge to plunge down 20 cents , for the technical dip to buy some more. Bleeding down can start all over again, here, bouncing and bleeding down. I suppose the financial games can take it back to test 3.30 again if they intend to.
Or have the trading powers decided that they will Hold price here at the critical 3.80 and blast a rally to the 4.60 target as the next move. I'm guessing 3.80 will get plunged down , maybe as soon as tomorrow, and bounce at 3.70, maybe hold there or roll over and plunge to 3.63. another dip to buy target as well. , and then that sets the stage for more plunging next week, until we see where the powers decide that they've taken it back low enough , to rinse and repeat this game.
I see no reason for a rally to blast off tomorrow. but if there is real true good news coming, then maybe the HFT supercomputers will start buying soon. or maybe they will buy strongly the next plunge to 3.65. who knows. some folks bought todays 3.80. I dont think this is the best bargain to buy.
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