Thursday, November 16, 2017 11:29:54 AM
AVXL bounces today....
From a 3.87 "bottom" to peak at 4.17 so far, and the Fibonacci math is looking at a technical target zone rally around 3.60/3.65 area ....IF we get a rally that is... Resistance right here at 4.20 and every 5 and 10 cent step climbing to 4.70 area where it gets really strong , even starting at 4.40/4.50 should see strong resistance. It would take some real rally effort to retest the 4.60 target zone,some real permission by the MM's to allow it. and not suppress it down from 4.25/4.30, and keep it closer to 4 dollars, which appears to be the game plan thus far. IF that is still the plan I would expect to see a bounce allowed to somewhere like 4.50 followed by another bleeding or plunging back down to 4.00-3.80 area all over again. as the game plan pattern.
key now is to see AVXL pullback hold at 4 dollar support.
From a 3.87 "bottom" to peak at 4.17 so far, and the Fibonacci math is looking at a technical target zone rally around 3.60/3.65 area ....IF we get a rally that is... Resistance right here at 4.20 and every 5 and 10 cent step climbing to 4.70 area where it gets really strong , even starting at 4.40/4.50 should see strong resistance. It would take some real rally effort to retest the 4.60 target zone,some real permission by the MM's to allow it. and not suppress it down from 4.25/4.30, and keep it closer to 4 dollars, which appears to be the game plan thus far. IF that is still the plan I would expect to see a bounce allowed to somewhere like 4.50 followed by another bleeding or plunging back down to 4.00-3.80 area all over again. as the game plan pattern.
key now is to see AVXL pullback hold at 4 dollar support.
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