AVXL bleeds down the steps support steps at 4.25 area failed, now support around 3.90-4.00 failed. now 3.70 double bottom failed. the 200ma gets hit. the resistance overhead from 3.90 and every step higher is waiting to cap .I believe the bleeding down process took over after the 'base' around 4.25-4.40 failed to hold. I'm looking at a target zone block now from the 200 ma (3.60) area to the 3.25 area
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.