yes, I agree with that sentiment...AVXL
that's why I have the same uncertainty about the next bounce from here. could it make it back to 4 dollars by year end. That's a sell zone for my trading shares as well...what I bought at 4 dollars I have to sell at 4 dollars and get the cash back. but I bought some today a stink bid at 3.25. I have a bid in at 3 dollars. and that will be my trading position to hold.
chart weakness for AVXL, as you described. If we see some support shoulder develop and hold at 3.30 now, maybe it could craft a rally to test 4.00-4.30 resistance target zone.
In the last "bottom" that held at 3.33 and rallied to 5.15, the first bounce reached as high at 4.12/4.19. I'd be happy with a repeat of that for now. an 85 cent move, from 3 dollars targets only 3.80 now. I expect a lot of resistance at that 3.80/3.85 pivot area. that's why I say it might be a gift to see 4 dollars here.
