123Tom's TA study group

[Citrati]

Had some time.
First downside targets.
This is based on if the 200day currently at 7.91 does not hold.
1st target. Does the blue 8ema hold price?
2nd target. Does the orange 13ema hold price?
3rd evaluation. What happens in the area of market structure weak support/resistance zone? The bottom of that zone is 7.20ish and the only remaining significant support is the 50period currently 7.10.
It doesn't seem like the algo bots are paying any attention to the 65ema. On big board stocks they can alternate using it or the 50period or stick with one. Then 6.50ish comes into play.
We shall see pretty quick by midweek if news plays a role or cooling turns into a retrace.

https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p16207972301&a=1553294319

On an 18month Daily chart 7.54 is a potential line in the sand support line give or take a few cents IMO.
Also, whether or not the Bottom of that nearest lower VbP bar is not confirmed resistance below it.

https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=1&mn=6&dy=0&id=p90622777284&a=1548483515

Right now odds favor testing at least the 8ema. All IMO