123Tom's TA study group

[123tom]

AVXL to start the week

hits resistance at 17.80 as expected. it was plunged down to 17.20 step but settled support at 17.30. The key balance point is the 17.45-17.55 area (17.50 ) to watch for support to hold, if it intends to rally at all.
Today was unresolved. Lets see what any pullback does, and how hard it is or not to break through
the 17.80-18.00 resistance barrier.
IF you examine closely these 5 minute candles. just to see where they stopped,right on the steps 17.20/17.30/17.40/50/60 etc... its technical step climbing up and down the steps. and the resistance at the key step 17.80/85 capped and now we will see where the support step holds ok. or breaks down.It looks like a controlled price movement today. not too high or too low. The opening plunge to 17.20 got bought right up. but the resistance cap at 17.80 held the bounce contained.

AVXL 5 minute candles.