123Tom's TA study group

[123tom]

Big smash downs in Both AVXL and IPIX....ouch

yes, news cycle gets gamed again.

AVXL plunges to 3 dollars, I'd have to call that plunge an automatic technical buy at 3 dollars. (3.00-3.30) target zone.
Resistance steps overhead now, for a bounce....maybe centered around 4 dollars, I'm not expecting any great surging bounce to retest 4.80 at this point, but a retest of 4 dollars might be the year end gift for now.
guessing at targets , so many steps to choose from, resistance the entire path of climbing ...starting at 3.55/3.60, we saw today, 3.65/3.80 area, 3.85, just to make it back to hit 4 dollars where shorts could hammer it down. 3.79 got hammered today to begin the shattering plunge.
weekly chart view.

daily chart same thing basically, a collapsed chart picture, giant falling knife, and why did this happen to AVXL today ?
Daily AVXL chart
daily chart view