yep,into the fib target zone today.
I bought a little here.
Last week the technical sentiment was looking down. the capping was solid at 3.25/3.20 and there were targets below 3 dollars waiting.
This week changed that picture completely. and unless the Powers have the ability to play an amazing fakery here,or have such power in control, that they can just take AVXL right back down to 3.30 all over again.... then this Fibonacci target zone around 3.70 is the 'dip to buy' IF we are starting a new bullish wave pattern. IF the recent rally was real, and if the powers intend to allow it to be, then we should see this area here around 3.70 ,maybe another falling knife to test 3.60 this week, but this is it, the place where the "pullback" should stop and the next big rally wave starts moving. That's what the technical stuff would say. The wall street rigged game might have other ideas, and now will be the time they start showing the manipulation game setting up, from here, what will they do next. The big rally of yesterday gets taken down the next day ,to the target zone. this didn't take long did it.
Today is Thursday. tomorrow might complete this pullback, maybe now at 3.70 and we see a basing today and tomorrow, I don't want to preguess what will be seen soon enough.
I imagine that if the Powers intend to take it any lower from here, it has to be a technical dip to buy. the next 'game set up' after that would be the rally bounce,and what the Powers plan to do with it when it happens. On the technical chart pattern, the next rally "should be" a big 'wave 3' rally, that targets at least 5 dollars.... so IF the Powers stop it in some basic resistance zone like 4.40 or 4.70,or show us a lot of resistance and capping well below 5 dollars,and manage to hold it below 4.80 for many days, ...then this price action would suggest to me that the Powers are still in control of price action, and they are preventing the next big rally. In a typical Elliott wave pattern, the next rally, as a 'wave 3' should be a decent rally, that targets into the 5's,at least the 5.20-5.40 target area. IF instead of a good rally, we see wallowing around 4 dollars-4.40 area, for too many days, then its the wall street Powers in control once again. not allowing the next rally to happen. why? I guess because they collectively think they can make more money shorting AVXL down from 4.30 to 3.30 than they can pushing it up from 3.70 to 5.70 because that's the technical target picture in play right now in the current cycle,in my view. or maybe they want to keep it around 4 dollars so they can accumulate more shares for as long as they can get some.... but the next big rally is ready any time now, we had to wait a month for this latest rally, to time with the news release. Its all such a game. I'm clear minded here about the Elliott wave pattern, this is basic Elliott wave. we got a "bottom" at 2.43 we got a first rally wave now to 4.88, we got a quick pullback now to 3.70, we're waiting now for the next rally wave, its a 'wave 3'(or at worst, a 'wave C' that ends in the high 5's) and the target zone (in both cases)is above 5 dollars. Now I wait to see what the wall street powers do with this pattern that has been crafted.
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