Notice how AVXL is getting capped at the 2.60 resistance step in the current picture. a similar strong resistance capping step is also at 2.80 area.
support,so far, appears around 2.40 area. but hardly feels solid to me.
Its the resistance capping that dominates the price action feeling these days, in my view.
and these little moves from day to day look like MM movements, nothing but fiddling and diddling around ,and today at the open maybe "testing" the strength of both directions to feel where the strength comes in. They deduced their playing field now. between 2.35/2.40 and 2.60/2.65
Nothing major comes of it until it reaches at least 3 dollars. and any technical push above 3.00 could get Hammered down hard to generate the next 1 dollar trade for sellers. unless the rally is generated by news and not technical algos. But so far it looks all technical to me.
