123Tom's TA study group

[123tom]

The news driving todays rally
and pushed higher at end of day. What time did the news release come from Spain? Sometime yesterday? It was an easy guess that today would surge up.
5 minute candles
Yesterday,the picture was still in that downward trap, lower highs lower lows intraday, and had some support pivots around 10.20 but the bias in my view was still looking down ,as price was below 10.60 area and then finished the day around 10.60. Today,jumped up, as expected ,at the open, and the only chance to get in,was the initial pullback from 11.00 to 10.75, one quick pullback, maybe shares could be had for 10.75. the close from the day before was around 10.60, and the bias was still down. but the news cycle was creating the rally and here we are now at 11.70 heading toward target 12 zone. and the 50ma. and who knows how high it will reach before it gets hammered by the sellers. maybe the news will be digested more and we could see a recovery to 14 area or to retest the 16 resistance. I dont want to dismiss AVXL ability to make big waves up and down. 6 or 7 dollars. these big swing pattern waves. that take a month or two to complete. My caution is about the global stock market collapsing and crashing in a black swan event. Just because Anavex releases good news in its own little world, and we see the share price jumping ,Like it Should... doesnt remove the fact that the World is in a very nervous state of uncertainty and stock markets are waiting to be crashed. We could see a wonderful AVXL rally to 14/15/16 and then the market crashes and suddenly AVXL plunges down to 10 then 8 ,then 6 and 4 and bottoms at 3 dollars as the news headlines says Queen has died, the 3 Gorges Dam has collapsed, Bitcoin has collapsed, and bombs are dropping on countries, China goes to war with Taiwan,
and blah blah, all kinds of contrived chaos and fake drama....and AVXL now sits at 3 dollars as a Fantastic chance to buy a truckload, and sit back and watch the market recover as the Military takes control of the country and restores stability .
But for this day,this moment, AVXL jumps with the good news,looking like a breakout today at end of day, but resistance targets are right overhead now at 12 dollars. It was a gamble to have bought at 10 dollars last week. I didnt do it. and now, the gamble is to guess how high the rally will go before we get a market crash. how many days will pass before the market crashes. The governments controlling the narrative are making us think the chaos will crash the market very soon.... very soon.... this week.... last week... next week, its all a guessing game.
I study the charts, and so I sold a few shares today at 11.40 and 5 minutes later it jumped to 11.70 to end the day. Its almost impossible to guess right all the time. I play the chart like you do. Now,I'm looking to see what price does when it hits the 50ma. what else can we do.
I have market crash stink bids set at 2.75 right now.
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The other aspect to the crash investment thesis, is gold and silver and Ive been buying small pieces of both in the last 3 weeks. to add to the core holdings.

Hope all is well with you and family and let us all be and stay in the green...