and today AVXL hit the 5.37 target.
Its zig zagging up and down in this middle zone 5.37/5.47/5.57 and waiting to plunge down again, 40 cents maybe 50 cents to the 5.00/5.10 target zone. if I had to guess what comes next. But the key for me to watch is the resistance overhead now at the 5.55/5.65 area, IF it caps now around 5.60, it could generate the next sell down. and at least hit the 5.20 target but I really think the 5 dollar target is in play now.
Conversely ,if there is any bullish energy setting up here, after holding the 5.26 step and the 5.37 step, it could hold 5.40 now and shoot up 40 cents to test 5.80. These are the net 2 moves to watch for in this current pattern.in my view. I personally bias toward the down side, a capping at 5.60 and a drop,sell off,plunge and bleed to test the 5.10 area. My stink bids are down there.
