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[123tom]

AVXL chart

It targeted the 50 ma at 4.50 today. and sold off some.
It held support at the 4.12/4.10 step, which is where it 'should' for a rally pattern.
I always worry at the resistance zones, and AVXL has one here at 4.50-4.75 area.
Math targets for the full rally are looking at 5.60 area if we get a good rally. This first segment to 4.50 ,could stall out soon, IF the bias is neutral or slightly bearish.
I'm not yet convinced we will see a continued rally too much higher. I'd need to see the next pullback keep holding above 4.10, step up to hold at 4.20, etc... then maybe we can talk bullish momentum. at least thats why my lens is making me see.

My chart picture/for what its worth