Tuesday, June 19, 2018 10:52:52 AM
AVXL is just working out what to do with the $4-4.20 zone here.
Test $4 for support and $4.20 for resistance or new support.
All the market stuff is probably adding to the uncertainty.
I would consider 4 weeks of significant higher lows and only the the last week of slightly lower highs consolidation or potential bull flag for now. The most valid conclusion at this time is direction is uncertain and the daily chart is positive, while the intraday is uncertain.
Anything can happen and often does.
The fact that AVXL has held above that $1 price boost of one day is also positive IMO.
Daily chart.
Test $4 for support and $4.20 for resistance or new support.
All the market stuff is probably adding to the uncertainty.
I would consider 4 weeks of significant higher lows and only the the last week of slightly lower highs consolidation or potential bull flag for now. The most valid conclusion at this time is direction is uncertain and the daily chart is positive, while the intraday is uncertain.
Anything can happen and often does.
The fact that AVXL has held above that $1 price boost of one day is also positive IMO.
Daily chart.
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