No matter how you put it, the price charts for AVXL, daily or otherwise, are up. In other words, the “technicals” are up. That said, nobody can catch all the fluctuations. As I pointed out yesterday (I again publish this below at the end), the trend is up for now. We are having a bullish move after a long dry spell. Hold your long position at the very least until you think this near term move is over, but you best keep some shares for the big move that may occur down the road based on what we know about the science, the current regulatory environment, and the potential for AVXL 2-73 to treat multiple devastating diseases for which there is no effective treatment. In other words, if you have a long position when the best positive news appears -- drug approval as one example-- you will catch the big move. It is too late to react to get in on the big move after the big news is announced. Catching the big move is the only way to make real money. It is also true that there may not be enough time to get out of a short position if a ruinous gigantic move upwards occurs.
This is a different environment that we are in compared to the past. Things have changed, and change is taking place at a faster pace -- not as rapid as some may like but definitely faster. You must study general conditions affecting your individual stocks. Ask yourself, have we seen the beginning of a reversal of general conditions affecting AVXL? It may still be early, but what are we witnessing? Many here have said, "something is going on", but what is it? Frankly, we do not know for sure. This is what makes markets so interesting and challenging. However, I think I may say that whatever it is, it is the surely the opposite of negative, which is a different way of saying it is positive.
Lastly, this is a post I published last night that may be helpful in understanding what I said above:
"If the old saying "volume leads price" has merit, the share price is definitely up for the most part. Look at the volume for the last few days. Volume has significantly increased. Share price may take a breather soon, but I would not be discouraged. I think it is likely the trend will now be our friend. The trend was down for approximately 7 months from October 2017 (when SP was above $5.00) through May 2018, but it has clearly turned upward. In the last 4 days share price has moved above the 200 MA line and held at and above that line. Price could briefly pull back below the 200 day MA. However, AVXL has recently gained some positive analyst ratings, the passage of the right to try law sends a positive message, important CNS conferences will be taking place soon, and announcements about clinical trials will occur. Therefore, the odds are favorable for seeing AVXL in the $5.00 range again in the near term."
