D,my chart methods are really stretched by this downwave.
Its very hard to 'see' beyond these critical support steps at 2.00/1.80/1.50/1.35. You have to go back 3 years to see these levels on the old chart, that started at 60 cents. That rally back then peaked at 1.88. and climbed to the 2.00 area, and that zone had some fast pullbacks,1.08,if I recall, and then some zig zags consolidating around 1.30-1.60 area,its the current zone we're at now. so From here the next downward target looks like 1 dollar. But I'm shocked to think it would have fallen this far down. Its a ridiculous downwave that's completely dissolved all bullish pattern,of the last 3 years.
For me,the upwave pattern really got broken when the 200ma failed at 3.30.Then failed again when the old bottom at 2.45 got broken. and it looks like it could target 1 dollar now.
Is the price action being manipulated by the MM's or some other big money wall street players. Would that mean they have the power to take price anywhere they want.
When 2 dollars broke down,it didn't take long to drop another 35%.
Is there a reliable financial evaluation that can show what the fair valuation might be for AVXL ? Is it 1 dollar? why then has price been 6 dollars and 4 dollars if the true value is 1 dollar. its all ridiculous.
I like it when the chart runs along technical math patterns. I can analyze these patterns. but in my view, AVXL stopped running on the technical pattern when the 2 dollar zone failed to hold 1.80 then 1.50. Its fallen too far down now. All I can do is wait to see if the powers decide to climb it back up so they can keep playing this trading game.
On the technical chart ,theres some math analysis that can display targets in a bounce, that gets back to 2.00 and 2.35 area and a double would hit 2.60 area. The rally targets used to be looking at 4 dollars and 3.50 area. Now theyre looking at 2.50 and 3 would be a big jump. Is this how the big money players manipulate price down so that they can get people to sell at 3 dollars. ? because now the automatic technical sell target is around 3 dollars.
