Nice reply.
thanks for that viewpoint.
I dont play options.I'm probably too old to learn now.
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Here's my take on the current price action. today,hanging around 12.50 looks like its setting up a terminal resistance line around the 12.60-12.75 area, where we have been watching it hit resistance and drop down, like this morning. I think this downward, is the stronger direction, so watching the bounce and climb back into the resistance zone (12.60-12.75 area) is where I would expect to see another failure and the decisive move for a trade is looking at the 1 dollar and 2 dollar target zone ( 11.60-10.60 area) I like that first target zone 11.60 area to be hit. and from there the bounce and roll over has a zone going down another dollar from 12 to 11 and ,you can see the math patterns as they unfold. The (Range?) resistance target peak is around 13.00-13.30 and the 'bottom' target area has been 10.00-10.50 area
I was hoping to see the current rally reach the 14 area so I could trim some trading shares. it could still climb up to get there, but so far, stalling around the 12.70 area, thats a danger zone in my view. But the support has held at the 12.30 today, 12.25 target area is a support zone to watch, and it has a chance to hold. and rally 1 dollar to hit the 13.25 peak.
watching the bounciing ball ,basic standard stuff happening from support to resistance. nothing too exciting these days. I might just say the featured attraction for the trading cycle was the 3 dollar trade from 10 to 13, and now, currently , the moves are smaller in between and undecided which way to find the next 1 and 2 dollar moves. There are math pattern targets that show a rally wave to the high 13's...if it breaks thru the 13.30 barrier, could hit 13.70 area . 14 would be generous in this cycle. Where do the sellers want to attack the AVXL share price ? if not at 13, and then at 12.70... thats where we are at now. if not here, it could be 13.30 and 13.75 and 14.
A good rally wave now, has a chance to target 14. This bounce today looks a bit of strength here, lets see what happens now around 12.75 resistance.
