123Tom's TA study group

[123tom]

How bout that AVXL plunge

Hope everybody loves rollercoaster excitement...
12.20 today 11.80 tomorrow?
we are watching 1 dollar and 2 dollar waves up and down and from the 15.20 start of this downwave, 3 dollar move ,so far. I anticipate lower target to come. The prior forecast/analysis that suggested the 13.00-13.50 area as a key balance point for the upward direction rally wave,that needed to hold...showed correct, that it was the sensitive balance point and today showed the breakdown there. The resistance zone capping yesterday at 14.20-14.00 area began this current downwave segment. and the balance points at 13.70/13.50 sent the plunge down to 12.20.
Now watching the resistance around 12.80-13.00 area and watching for another 1 dollar down from there.but volatile moves can also go down and up 2 dollars, so it could be from 13.40 to 11.40
the 11.30-11.00 target pivot is in play again. now that the 13.50 balance point broke down. The more likely picture is a Range pattern now, 12 to 15,maybe 16. is my current chart bias. Unless we see big volume buying here at 12 dollars and taking it to 18,then it looks now like more of a Range developing 15.25 to 12.25.(11.25) The resistance zone 13.00-13.25-13.50-13.75 area is key to watch,and from there looking to get taken down to the lower targets. 11 dollar area, OR maybe a tighter range pattern target at 12.00-12.25

Downwaves like this always look ugly.

AVXL tests resistance at 13 now