Tuesday, March 22, 2022 2:04:47 PM
On a weekly, this is still the battle zone for AVXL to create support or drop through into weakness area. It held the breakout low recently. I do not want to see that bottom red line tested again because the odds would increase that it will not hold. Drawing a line at $10.01 is that critical horizontal test line. All IMO only.
And of course the Daily look.
Here is a shorter 2 1/2 year weekly look to combine with the other chart data above on a 5 year weekly.
Drawing the steep downtrend line from 31.50 through 23.73 gives another possible resistance that will need to be broken. That line is also lining up with the down angled BB midline. Stuff to watch.
And of course the Daily look.
Here is a shorter 2 1/2 year weekly look to combine with the other chart data above on a 5 year weekly.
Drawing the steep downtrend line from 31.50 through 23.73 gives another possible resistance that will need to be broken. That line is also lining up with the down angled BB midline. Stuff to watch.
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