K123, my guess for bottoms around 3, is based on a stock market crash. Which hasn't begun yet,but there's still strong anticipation for it. It's very challenging now to make any sense of what the AVXL price action is doing now. A good rally surge is completely erased now. Totally disgusting. What the trading computers are able to do with the shares. The trading systems have targets programmed, and all we can do is guess right or wrong. 15 was a good profit target for trading that rally wave. Then the pullback expected began.... and my trading targets were looking for support around 11 - 10 area to buy and rally back. But now we see a slam down looking at 8 and into the 7's. I remember saying a few weeks ago, that the older wave bottom at 7 was reactivated ,as a pattern target, as an outside possibility.... and now we're looking at it. I didn't think the bullish news would fail to hold support at 10. Now the downwave looks dominant again to my eyes. Major resistance around 10- 11.50,and those MAs are waiting. Buying more here at 8 is a target, and into the 7's. But now I'll have to sell my 10's and 11's at break even. Wasted dry powder. Last week, the chart looked very bullish to me. Targets 16-18 -20. Now, looking at trade exit resistance at 11. For my trading, I haven't got unlimited funds , so I have to recoup my dry powder again at 11. Otherwise, I'd just hold the shares to close trade around 20 . I trust the science success. But we see once again, what wall street trading game can do... all the time.
