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Re: Citrati post# 7024

Wednesday, 12/12/2018 11:01:57 PM

Wednesday, December 12, 2018 11:01:57 PM

Post# of 11271
I agree about AVXL
the downward pressure is still there to be careful about. In my view ,anything below these resistance barriers at 2.50/2.40/2.30 makes the downward pressure dominant. so yes, a bounce needs to break thru these resistance levels to Begin looking better. I haven't bought any new shares at these levels 2.10-2.20 area, waiting for 2 dollars and lower.
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Heres PVG with a Big pop today from the 7.10 support .
PVG with a big run today

I didn't read why it happened. Resistance is right overhead now 7.75-7.80 area,and target zone 8 dollars could get whacked again. But PVG has been holding the rally pattern now since the 6.76 bottom held, now 7.10 pivot low held, and gave this big pop today, IF it becomes a completed Fib rally wave the target zone is a retest of the 8.70 peak (8.50-8.70 area) so This current pattern for PVG is looking good all of a sudden. I was waiting for more dips lower, to retest 7 dollars/6.90 area , that didn't come this week.
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Ok, lets go look at Corvus. Ive been watching it lately as it rubs up against the resistance zone around 2.10 area.The 1.80/1.70 support zone held pretty good so far, and now it needed to break thru the 2.10 resistance.

Cprvus battles the 2.00-2.20 resistance zone

CORVF daily chart

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