123Tom's TA study group

[123tom]

AVXL colorful messy chart


Its got that Coney Island rollercoaster look to it.
Maybe its from having seen too many times,how the price gets taken down so many times over the years, but I keep seeing lower targets in play. I much prefer to rebuy shares at 5 dollars than 5.50.
its a gamble, but the forum is talking alot about how there wont be too many news catalysts for a while, and the sellers could bleed it down to retest lower targets (5.25-4.75 area)
There are many nice targets way up at 8.40 and 11.75 on the math patterns, but I want to see if the current Bottoms are finished yet. the 6.50 peak looks like the true top to me in this pattern. Then the pullback to hit 4.50 ,looks ok. then the retest of the 6.50 and now the pullback hits the 50% retrace at 5.50. but can it drop lower for better bargains.
Bargain shopping the pullback