I hope so too...
but I've learned to trust the chart and be cautious. with volatile and manipulated small biotech plays.
I like the science, and see no fundamental reason for the take down from 5.50 to 3.33.
but it was achieved. financial manipulation games. I can accept it. but it means Caution must be maintained at all times in my view. for me it means giving up on hoping for rallies before they happen, hoping for great news yet to come and when it comes , what usually happens.... wall street games . I just watch the chart . and expect more games, and volatility in both directions.
Right now, those who bought at 3.33-3.80 looks like it was pretty good. it makes buying now at 4.00-4.10 look ok. and that's all there is to say right now. Resistance overhead from 4.50-5.00 is in play now. to watch and see what it does. how strong will AVXL be to climb thru it. this is a real test now for AVXL to show whether this rally will be true or not. yes it has run from the 3.33 bottom , 1.20 already. but the support zone needs to hold 4.20-4.10 and did so today, so far so good. but its only the first test of 4.20 . there should be more to come .but yes,a good show of strength in the morning to hold 4.20.
its a fair start now for a recovery. took all this time,just to finish this first part, a first rally wave.however high it runs now, after this rally comes a Pullback,that will be the next test after resistance stops the rally. or else the next test might be what wall street does with the September "news cycle" do you anticipate any slam down, like we've had before? I do. I think you have to . so we're not out of any woods just yet,in my view. the support base 3.90-4.30 has to become strong....just like it had to many months ago,. but recently failed. thats the wall street game. always a wall street game to deal with..
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